Siberia | Real estate

$50m on apartment blocks repairs in Novosibirsk region

5 Mar '10
A total of $50m is to be spent on apartment blocks repairs in Novosibirsk region in 2010, up 55% on 2009, regional officials report.

Of the total funding, $42.8m is to be assigned from the federal Support for Reforming Housing Utilities Fund, another $4m is to be put up by regional authorities and $3.2m is to be raised from the local budgets.

Under plans, the funds are to be used to repair housing in 29 municipal districts.
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