Friday, September 22, 2017

Sverdlovsk region will not get 2012 housing funding

The Sverdlovsk region failed to qualify as one of the Russian constituencies that would receive subsidies from the federal housing program for 2011-2015.

The region did not make it to the list of finalists for the sub-program to promote housing construction in Russia in 2012.

Sergey Kiselev, the Sverdlovsk region deputy construction and infrastructure development minister, said that despite the region putting up more housing in 2011 than in 2010, it failed to meet the program's target figures. This was the main reason the region did not receive federal funding, Ural Business Consulting reports.

Russia will pay approximately $66.8 million to 26 Russian constituencies in 2012, including the Chelyabinsk region and the Tyumen region. The Chelyabinsk region will receive approximately $2.4 million while the Tyumen region will receive approximately $301,000. The Sverdlovsk region received approximately $17.2 million through the housing program in 2011, according to Ural Business Consulting.