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Another 442,3m rubles to be spent on housing construction in Russia’s regions

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Another 442,3m rubles to be spent on housing construction in Russia’s regions

Russian Prime Minister Dmitry Medvedev gave an assignment to increase a volume of subsidies allocated to implementation of programs aimed to develop housing construction in the regions of Russia.


As the official website of Russian Government reports on Tuesday, Dmitry Medvedev signed a corresponding decree today. Earlier, 4034,4 million rubles of subsidies were allocated for this purpose by the Government.

In 2016, these funds will be spent from federal budget on a program entitled “Stimulation of Programs of Housing Construction Development in the Subjects of the Russian Federation,” which is planned to be realized by 2020 in 18 regions of the country.

Now, the amount of investments has been increased by 442,3 million rubles of subsidies.

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