Government’s Construction Cash Injection: More Rubles for Infrastructure Bonds!

The government is injecting an extra 3.2 billion rubles into the infrastructure bonds program to support construction efforts. This funding will help cover costs for specialized project financing companies, enabling them to create much-needed housing and infrastructure. With significant projects already underway across various regions, this initiative is proving to be a key player in enhancing community development.

In a bid to jazz up the construction scene, the government has decided to boost the infrastructure bonds program with an additional 3.2 billion rubles. This money is aimed at cushioning those crafty project financing societies that whip up funds for housing and infrastructure through bond issuance. This sweet deal is like a warm hug from the federal budget, helping them cover interest costs that come with the territory.

Launched in 2021 at the behest of the President, the infrastructure bond mechanism has proven to be a trusty sidekick in the grand adventure of infrastructure development—kind of like Batman and Robin, but with less spandex. The program, operated by DOM.RF, was designed to enable developers to access cash for up to 15 years, with interest rates more favorable than your favorite pizza delivery deal, thanks to federal subsidies. It’s marvelous, right? Schools, parks, and hospitals are sprouting out like daisies, making our cities and towns bloom and thrive.

In summary, with 52 projects already lined up across 26 regions totaling a whopping 181.2 billion rubles, this initiative is shaping up to be a real game-changer. The financial boost will allow projects to flourish and help communities thrive while keeping the construction vibes flowing. So, here’s to infrastructure bonds—may they lift our spirits (and buildings) and help us pave the way to a brighter, shinier tomorrow!

Original Source: government.ru