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. Last Updated: 07/27/2016

World Bank Project

The World Bank will finance preparatory work worth $18 million for housing construction in Krasnoyarsk and Kazan, the World Bank’s Russia office said Wednesday, Interfax reported.

Proposals on laying communication systems and access roads to construction sites in Krasnoyarsk, Kazan and Saratov, made by the participants in a tender organized by the World Bank in Russia, were announced in Moscow on Tuesday.

Under the a $370 million credit agreement reached in 1995, the World Bank intends to provide $130 million for work to prepare construction sites for apartment buildings in 10 Russian cities.