site map
Gateway to Russia
 RUSSIA IN FACTS
23 March 2004 12:44
Russian defence minister outlines plans for military housing
Moscow, 23 March: The Ministry of Defence is starting to create a housing stock to accommodate servicemen on tours of duty at military units and formations, as well as developing a savings- and mortgage-based system to provide the military with their own homes, Defence Minister Sergey Ivanov said today when welcoming President Vladimir Putin to a conference at the ministry on housing provision for service personnel. According to the minister, it is planned to create 334,000 flats by 2015. Ivanov explained that this "includes existing living quarters". The stock will total 480,000 flats [figures as received], which is equivalent to the projected establishment of officers and warrant officers. These quarters are primarily to be sited at military units and formations on permanent readiness and military personnel will only be able to use them for the duration of their tour of duty, Ivanov stressed. The savings- and mortgage-based system envisages a personal account for every serviceman, regardless of whether he had a home before joining the service. The ministry offers a guarantee that over time the amount built up in the account will be sufficient for the purchase of a flat. Ivanov said that "a sum equivalent to the price of 3 sq. m of housing" would be paid annually into this account. He stressed that the advantage of the savings- and mortgage-based system is that it should be seen as an incentive for conscientious service in the armed forces and that only those personnel who serve out their time will be able to make full use of the system. For example, an officer who does not serve 10 years after graduating from a military higher education establishment will lose the right to the accumulated funds. On honourable discharge after 10-20 years of service he will have access to the accumulated funds and may "make use of them to resolve his housing problem independently". Having served more than 20 years, an officer will be able "to own a luxury home".
[ITAR-TASS news agency]
Subscription to the daily news digest
Click here to subscribe to the daily news digest.
You will be able to choose your own topics of interest.
Your e-mail address will be kept confidential and will be used exceptionally for sending you this digest.
MOST POPULAR ARTICLES
MORE OF THE LATEST NEWS

The Expert 200: Precious Metals and Diamonds
The Expert 200: The Timber Industry
Dust in the Wind
How Fast They Grow
Russian lawmakers to fight spam
Taking Inventory of the Republic

No hurry over wholesale power
Gazprom to decide on share liberalization
Russia pays $28.47m to IMF
The former Vice-premier of Chechnya shot down together with his wife
Russian lawmakers to fight spam
Gazprom`s net profit up 64% in 2003
top        Send article by e-mail
Get more info about Russia

Contact Us

© Copyright Gateway to Russia 2003

The site is created and administrated by Expert Group within the framework of exclusive contract with the Financial Times