Sverdlovsk is among the top 15 housing sectors in Russia, the country's Minister of Construction and Housing announced recently.
The Sverdlovsk region was recognized for the attractiveness of its housing sector investments.
"Improving the quality of housing and communal services, municipal complex management efficiency is one of the priorities of regional policy,” Eugene Kuyvashev, governor of the Sverdlovk region, said. “Of course, the industry's development is impossible without attracting investments. In this area, the region is doing a great job."
Mikhail Men, the minister of Construction and Housing in Russia, said other regions in the top 15 of the housing market include
St. Petersburg, Moscow, Rostov and Nizhny Novgorod.
The ratings are based on investment programs related to heating, water supply and sanitation in relation to the number of regulated entities in the areas.
Nikolay Smirnov, minister of Energy and Utilities of the Sverdlovsk region, said the area has successfully implemented 75 recent investment projects aimed at the development and modernization of municipal infrastructure.
"Largely due to these investments, in 2014 the Sverdlovsk region has managed to build 25 new energy efficient boilers with a total capacity of 90 MW, overhaul more than 50 sections of heat and water networks with a total length of 87 kilometers and more," Smirnov said. "This year, more than 5.5 billion rubles will be invested in electricity, nearly 3 billion will be spent on measures to optimize heating, 5 billion for water supply... ."