Treasury loans make life better in 12 LPR settlements - Faizullin

Treasury loans issued for infrastructure modernization have helped bring more comfort to 12 settlements of the Lugansk People’s Republic, Russia's Construction, Housing and Utilities Minister Irek Faizullin said in an interview with the Lugansk Media Center.

“(Thanks to special Treasury loans), life has become more comfortable for almost 1,000 people in 12 LPR municipalities which ran repairs on 11 heat supply facilities and four water lines,” Faizullin said.

In late June, Deputy Prime Minister Marat Khusnullin said that the new Russian territories would receive special Treasury Loans (SKK) to modernize their utility infrastructure.

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In early 2023, President Vladimir Putin signed the federal law giving the opportunity to the regions to obtain loans for infrastructure projects. Financial assistance will total 250 billion rubles.

Special treasury loans are provided for a term of 15 years at a 3 percent interest rate  with an early repayment option.*i*sb