Housing construction increases in Sverdlovsk region
In January and February, the government of the Sverdlovsk region commissioned an additional 557,000 square meters of homes to be built. This is an increase of 3.5 times when compared with the commissioned homes in January-February 2014.
In 2014 the Sverdlovsk region gained substantial progress in its housing developments, the report said, with construction teams exceeding the original goals, which had been 2 million square meters of housing.
Instead, construction teams produced 2,438,000 square feet of housing space, an increase of 1.4 times more than the housing construction rates in 2013, the report said.
"In January and February we have fulfilled 27 percent of the annual plan--to the end of the year we plan to build 2.1 million square meters of housing,” said Sergey Bidonko, minister of construction and infrastructure development of the Sverdlovsk region, said. “But it is important to understand that [today's projects] began to build in 2013--or early 2014. Today we have to do the groundwork for future periods. It is important that developers not only worked completing already-existing objects but also to start new projects, which will be sold in 2016-2017. The state's task is to create conditions that developers were building, and citizens could participate in the programs of shared construction and have access to affordable mortgage loans.”
Yekaterinburg is the administrative center of Russia's Urals region.
Organizations in this story
Government of Sverdlovsk Sverdlovsk Oblast
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