Yakutia secures $10B loan to transform urban infrastructure and housing
Yakutia's authorities have secured federal approval for a significant infrastructure loan. The 10 billion ruble allocation, part of the Treasury Infrastructure Loan Program, aims to boost urban development and improve living conditions in the region.
The funds will be used to modernize urban infrastructure and enhance transport accessibility. Notably, 4.7 billion rubles have been allocated for the construction of a bridge across the Lena River, a key project in the master plan for the Yakutsk urban agglomeration.
Additionally, 5.3 billion rubles will fund the development of energy, water supply, and wastewater systems in the western part of Yakutsk, focusing on the Sportivny microdistrict. This will facilitate the resettlement of 160 dilapidated and emergency housing units, with plans to construct 46 apartment buildings covering a total area of 329,000 square meters.
These projects, enabled by long-term Treasury infrastructure loans at a 3% annual interest rate, are expected to significantly improve the quality of life for Yakutia's residents. The region's authorities are committed to accelerating the development of essential infrastructure, with these projects being a testament to that commitment.
