The government will allocate 190 billion rubles for infrastructure loans to the regions
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The Russian government will allocate 190 billion rubles. to finance the program of budget infrastructure loans for the regions, declared Russian Prime Minister Mikhail Mishustin.
According to him, the program is one of the most effective tools with which the regions can solve the problems of their development. Last year, about 1 trillion rubles were distributed among the majority of subjects. for infrastructure projects in the social, communal and transport sectors, he added.
“At the beginning of this year, the head of state signed a law that provides for the size and mechanism for issuing such loans. The government approved the rules according to which the regions will be provided with budget loans for a period of 15 years at 3%. We will allocate 190 billion rubles for such purposes,” Mishustin said.
The funds will be used to restore engineering networks and communications, as well as to convert oil-fired boiler houses to biofuel in the Northwestern and Far Eastern federal districts. At the same time, 50 billion rubles. will be sent to upgrade public transport – with such an order spoke previously Russian President Vladimir Putin during his address to the Federal Assembly.
Mishustin stressed that new regions of the Russian Federation will now be able to use such loans.
“This is a tool through which the regions receive additional resources to create comfortable conditions for citizens and improve their quality of life,” he concluded.
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