Ministry reports 80,000 cheated investors in housing construction

KHABAROVSK, August 3 (Itar-Tass) — The Ministry of Regional Development said there are over 79,500 cheated investors in housing construction in the country.

“At present, Russia has 828 problem construction sites where the rights of more than 79,500 people have been violated, including 2,600 residents of the Far East with its 37 problem housing projects,” Deputy Regional Development Minister Roman Panov said at a visiting session of the interdepartmental commission for counteracting extremism in Russia on Wednesday.

A number of stalled projects made headway and almost 500 citizens are now getting apartments in new houses. The Ministry’s website has a special section which tells about a positive experience in resolving cheated investors’ problems in regions, Panov said.

The Ministry has drawn a list of the developers who failed to meet their commitments and is now working on legislation to protect the investors.

Interior Minister Rashid Nurgaliyev noted that the “information concerning investors, unemployment and utilities’ tariffs is very important.”

“As a rule, many extremist organizations are trying to exploit these problems and give themselves credit for their solution. I believe that these issues, the causes and conditions should be clarified at the local level,” the minister said.

For his part, presidential envoy in the Far Eastern Federal District Viktor Ishayev noted that “the situation in the district is stable and under control; although there have been a few conflicts.”

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