The Ministry of construction of the Russian Federation: modernization of housing sector requires 500 billion rubles of private investments per year

MOSCOW, January 27. Modernization of housing sector in Russia needs about 500 billion roubles of private investment a year for at least five years. This was announced at a meeting in the Federation Council the Minister of construction and housing Mikhail Men.

“The renovation industry we need the influx of investment by 500 billion rubles a year for at least five years,” the Minister said.

According to him, in 2015 was concluded 271 concession agreement worth more than 100 billion rubles. At the beginning of 2016 opened more than 260 competitions for concessionaires.

As reported earlier, Deputy Ministry Andrey Chibis, the Ministry wants to transfer control 80% of unitary enterprises to the concessionaires by the year 2020. In the Ministry hope that by that time Russia will have to work 6-7 large national players.