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Russian Construction Minister offers ways to increase investment in housing

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Russian Construction Minister offers ways to increase investment in housing

Easing of restrictions on the investments from non-state pension funds in housing and utilities concessions will give a new impetus to the development of Russian housing and utility services.

This measure will also increase five times the number of cities, where a non-state pension fund will be able to invest in municipal infrastructure, the Minister of Construction, Housing and Utilities of the Russian Federation, Mikhail Menn, told reporters on Friday.

“Within the framework of the housing development strategy, we made a decision to address the Bank of Russia with a request to consider amendments to the regulation of private pension funds”, - Mikhail Menn said.

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