The Ministry of Construction spoke about plans to attract foreign investment in the modernization of the housing and utilities sector

The Ministry of Construction plans to find part of the missing RUB 4.5 trillion to modernize the infrastructure of the housing and utilities sector through foreign investment. Preparation and signing of agreements with partners are scheduled for the end of 2025. This is stated in the plan of measures to increase labor productivity in the construction industry, which was familiarized with "Izvestia".

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It is known that officials are ready to participate in cross-national exhibitions and forums of BRICS and UN-Habitat participants (includes France, Slovakia, Ecuador and others).

"Attracting investment for infrastructure projects will increase labor productivity by introducing advanced technologies used by international partners. Now this issue is at the stage of elaboration, it will last until the end of 2025," the Ministry of Construction emphasized.

They also said that the modernization of communal infrastructure is one of the priorities. The plan is to build and reconstruct more than 2 thousand water supply and water treatment facilities by 2030, as well as to improve the quality of public services for 20 million people.

The regions will annually renew 2.5% of engineering networks and communications, which will require 4.5 trillion rubles from various sources.

Read more in Izvestia's exclusive article:

They will come for revenue: 4.5 trillion rubles for the modernization of the housing and utilities sector will be found through foreign investments