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«    March 2018    »

Peculiarities of new “Investments in Housing” section on website of Russian Construction Ministry

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Peculiarities of new “Investments in Housing” section on website of Russian Construction Ministry

A new section devoted to investments in the housing and utility sector has been introduced on the official website of the Construction Ministry of Russia.

Information on the law regulating investors’ activity in the industry and on the advantages of such funds allocation is published there, the Ministry’s press office told Construction.RU.

The new section offers to potential investors the information on prospects of business development in the housing and utility sector in Russia. Whereas, for municipalities, which are owners of most communal facilities, the data on tender rules, standard documentation and a financial model are published. What is most important, the section contains detailed information on how concession will help cities and villages of the country to upgrade housing and utilities’ facilities.

We should remind you that by 2015 year end there was a tenfold increase of investment commitments, compared to the previous period.

In particular, 271 concession agreements have been concluded in amount of 70,9 bln roubles compared to the 112 concessions worth 7,2 bln roubles a year ago.

As on the first quarter, 736 concessions worth 136,6 bln roubles are being realized within the housing and utilities system. The Ministry’s openness and consistent support of all parties interested in development of public / private partnership has become the drivers of the growth. Establishment of the platform, accumulating all data on concessions in public services is another important step in the housing and utility sector modernization at the expense of private investments”, - said the Deputy Head of the Ministry, Andrey Chibis.

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