“Infrastructure Budget Loans Program: Boosting Regional Development and Citizens’ Quality of Life”

2023-04-27 12:30:27

During the meeting, the government announced the launch of a program of infrastructure budget loans to the regions for a period of 15 years at 3%. It is planned to allocate 190 billion rubles for these purposes. Loans will be issued, including to the annexed regions. Russian President Vladimir Putin instructed the implementation of the program in a message to the Federal Assembly on February 21.

“A significant part of them will go to the restoration of engineering networks and communications, the conversion of fuel oil boiler houses to biofuel in the North-Western and Far Eastern federal districts, as well as 50 billion rubles. will be directed to the renewal of public transport, ”are given on site government words of Prime Minister Mikhail Mishustin.

The Prime Minister added that the additional funds will allow the regions to create “comfortable conditions for citizens” and improve their quality of life. He called budget loans the most effective tool to achieve this goal.

In 2022, 1 trillion rubles were distributed among 83 Russian regions as part of the infrastructure budget loans program. The funds were directed to the construction of 960 facilities. Deputy Prime Minister Marat Khusnullin reported in February that 48 projects worth 12 billion rubles had been completed in 21 regions.

Lusina Balasyan

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