Over $5.4m is to be spent on citizenry relocation from housing, deemed beyond repairs, and on low-rise housing construction development in Altay region in 2010, regional officials report.

Of the total funding, $5.1m is reportedly to be allocated from the federal Support for Reforming Housing Utilities Fund, $160,000 is to be assigned from the federal budget, and $165,000 is to be put up by local authorities.

Under plans, the funds are to be used to relocate 488 residents from 30 apartment blocks with total residential area of 8,202 square meters.