Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
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The program of infrastructure budget and special treasury loans helps to create comfortable living conditions for people and stimulates the development of Russian regions. Thus, thanks to infrastructure projects at the expense of IBC and SKK, almost 31.4 million square meters of housing were put into operation in Russia and about 3.4 trillion rubles of private investment were attracted to the economy, Deputy Prime Minister Marat Khusnullin reported.
“The main goal of the large-scale interdepartmental national project “Infrastructure for Life” is the comprehensive development of populated areas and the creation of high-quality and modern infrastructure for people to live, work and relax. Infrastructure budget and special treasury loans have become effective tools in solving the problems of improving the quality of life of Russians. Thanks to them, new schools, kindergartens, clinics and roads are opened in the regions, utility infrastructure and public transport are updated. This, in turn, contributes to the development of territories and their economic growth. Thus, only thanks to the IBC projects, since 2022, it has been possible to commission about 28.8 million square meters of housing, create 155.3 thousand jobs and attract 3.15 trillion rubles of extra-budgetary funds to the economy. In addition, the SCC program stimulated the commissioning of another 2.6 million square meters of housing and attracted 230.6 billion rubles of private investment. Considering the effectiveness and demand for these mechanisms, on behalf of The President, within the framework of the national project “Infrastructure for Life”, the program continues in the form of treasury infrastructure loans,” said Marat Khusnullin.
According to the Deputy Prime Minister, the largest volume of housing thanks to infrastructure projects financed by budget loans was put into operation in the Republic of Tatarstan – 4.4 million sq. m, St. Petersburg– 3.3 million sq. m, Moscow region – 2.6 million sq. m, Sverdlovsk region – 2.5 million sq. m and Moscow – 1.3 million sq. m.
The IBC and SKK program is supervised by the Russian Ministry of Construction, and the operator is the public-law company Territorial Development Fund. Such loans are issued to regions at 3% per annum for a period of up to 15 years.
"Infrastructure budget and special treasury loans are an accessible financial mechanism through which socially significant projects are implemented. This work, among other things, has allowed for tax and non-tax budget revenues in the amount of 250.7 billion rubles. The Territorial Development Fund, as an operator, provides support to regions – it helps in preparing applications for financial assistance, in launching the necessary processes, and monitors the projects themselves. We will also take part in monitoring the implementation of projects through treasury infrastructure loans," said Vasily Kupyzin, CEO of the Territorial Development Fund.
Currently, applications from regions for financing projects within the framework of treasury infrastructure loans are being accepted. The regions mainly plan to use these funds for the modernization of housing and communal services, as well as the implementation of social, road transport, and tourism infrastructure projects.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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