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Primorsky Krai is the third in Russia in terms of potential for residential development
Head of the Development Fund for Housing (RHD) Alexander Braverman said at the St. Petersburg International Economic Forum that the Primorye Territory is the third in the Russian region of potential residential development after the Nizhny Novgorod Region and Krasnodar Territory.
For the first time in 20 years, large-scale construction is underway in Primorye. Investment capacity exceeds 40 billion rubles to 2024 year.
To provide projects with building materials, a panel-frame housing plant with a capacity of 120-150 thousand square meters of housing per year will be built. New venture will be located in the area of Artem. A project worth 1 billion rubles is scheduled for completion by the end of 2015.