Venezuela is about to receive $4 millardos of the Chinese credit

According to it assured the executive vice-president, Elías Jaua, Venezuela is about to back receive $4,000 million China corresponding to the first payment of a line of financing in the long term subscribed months.

Although it did not need the date delivery, Jaua said that it was managed to decide the first payment this line of financing. To such it when coming out gave them declarations of a wheel of businesses between both countries, according to Reuters.

President Hugo Chavez informed in April that Venezuela would receive a credit of China by about $20,000 million, that would be destined to projects development majors.

Jaua specified that the instrument is made up of about $10,000 million and the amount surplus is denominated in yuanes.

This first erogación will be destined to plans in the matter of electrical energy, mining and of agricultural production, it specified.

Petroleums of Venezuela, on the other hand, informed in an official notice that China and Venezuela prehorseradish tree the long term financing of 19 projects for the development of the nation by near $5 billions, like part of the cooperation between both nations that goes ahead within the framework of the program of bilateral meetings celebrated in soothes of the oil one.

It emphasizes a strategic plan that it allows the construction of thermoelectrial plants of emergencia (three generating plants of 300 megavatios each) with the purpose of to fortify the national electrical system. Esteem that the project is executed between first of October of 2010 and 2012, with an approximated of $520 million, contemplated cost in the heading of the economic sector: electricity, gas and water.

This source of financing has as increasing return the crude product and provision that Venezuela has come sending to China and that represent one of the modes of payment decided with the Government China, it emphasized Jaua.

“The spine of the relation with China is on the one hand the power provision towards China on the part of Venezuela and the provision of all the cooperation in agricultural and agro-industrial matter of China towards Venezuela”, said