Arab Today, arab today bolivia chinas sinosteel ink deal to build sheet metal plant
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Bolivia, China's Sinosteel ink deal to build sheet metal plant

Arab Today, arab today

Arab Today, arab today Bolivia, China's Sinosteel ink deal to build sheet metal plant

Bolivia city
La Paz - XINHUA

Bolivia on Wednesday signed a contract with Chinese firm Sinosteel, which is to design, build and bring online a sheet metal plant in central Bolivia.

The Chinese company will build the plant and train locals to run the plant before handing over the facility to the Bolivian side, Bolivian President Evo Morales said during the contract signing ceremony, which took place in Puerto Suarez, the town where the plant will be located.

The project is expected to cost 422 million US dollars, 85 percent of which will be funded by China, leaving the other 15 percent to be shouldered by the Bolivian government, local media ABI reported.

Also present at the ceremony were Bolivian Mining and Metallurgy Minister Cesar Navarro and China's ambassador in La Paz, Wu Yuanshan.

Navarro said he hoped the plant will help develop an entire production chain in the region.

The plant is designed to process some 650,000 tons of raw iron ore every year to produce 150,000 tons of lightweight non-flat sheet metal and 250,000 tons of sponge iron, 86,000 tons of which are destined for export.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bolivia chinas sinosteel ink deal to build sheet metal plant Arab Today, arab today bolivia chinas sinosteel ink deal to build sheet metal plant

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bolivia chinas sinosteel ink deal to build sheet metal plant Arab Today, arab today bolivia chinas sinosteel ink deal to build sheet metal plant

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday