Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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The creation of a land bank in Donbas and Novorossiya reduces the time it takes to find and register land for investors, facilitates effective territorial development planning, and brings unused land into economic circulation, thereby increasing the investment attractiveness of the territories and their urban development potential. Currently, the land bank of the reunited regions contains 703 plots with a total area of approximately 5,305.8 hectares, reported Deputy Prime Minister Marat Khusnullin.
"Efficiently integrating land plots into circulation in Donbas and Novorossiya allows us to increase housing stock, address social issues, and optimize resource use. Thanks to the compiled data on plot boundaries, installed utilities, and developed urban planning documentation, these territories become attractive for investment projects. As a result, new-quality infrastructure is being created. Ultimately, the national goal of creating a comfortable and safe living environment is being achieved. In the reunited regions, this land bank has doubled in size in over a year and currently contains 703 land plots," said Marat Khusnullin.
The Deputy Prime Minister added that the urban development potential of the land plots in the bank amounts to 25.3 million square meters.
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