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Regions will receive 500 billion rubles for infrastructure loans
The regions of Russia will receive 500 billion rubles for infrastructure budget loans by the end of 2023. The term of such loans at 3% per annum will be up to 15 years.
This was stated by Vladimir Putin as part of the announcement of the message to the Federal Assembly of the Russian Federation. When distributing loans, the number of its debts will be taken into account: the fewer there are, the more loans an entity can apply for.
“We will support precisely those who have pursued and are pursuing a balanced financial policy. A new investment resource in the form of infrastructure loans will allow us to expand the planning horizon, launch new solutions for the implementation of national projects with a comprehensive plan of the backbone infrastructure, ”said the President of the Russian Federation.
The Federal Treasury will oversee the allocation of infrastructure loans.