The Ministry of Construction and Housing of Russia has prepared all the necessary documentation for negotiating with the New Development Bank (NBR) — an international bank set up by the BRICS member states — to get a loan.
This is what the press office of the Ministry told Construction.RU on Wednesday. Earlier, in January 2018, the Ministry of Construction and Housing of Russia held preliminary talks with the NBR on the issue of granting Russia a loan in the amount of about 17 billion rubles ($295 million). These funds are planned to be spent for the implementation of a project for the development of water supply systems in Russian cities.
In the event of a positive outcome of the negotiations, the received amount will be distributed among the regional municipalities located in the Volga River basin. It is there that a large number of cities and industrial enterprises are located. According to the head of the Construction Ministry, Mikhail Menn, first of all, it is necessary to modernize the water supply systems in small and medium-sized cities that are not attractive enough for investors and need financing for housing and utility services’ projects.
