The Ministry of Regional Development of the Russian Federation has been tasked by the Russian government to prepare a new concept for financing capital repairs and energy efficiency improvements in multi-family residential buildings. The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are providing ongoing support to the Ministry in developing this concept.
The present report has been prepared in accordance with requirements set forth in the Terms of References for Consultancy Contract No: C22341/GEF2-2011-07-04 of July 18, 2011 concluded by the European Bank for Reconstruction and Development (EBRD) and the Institute for Urban Economics under the Russian Urban Housing Energy Efficiency Programme – Model and Regulatory Framework Development.
Project is implemented by the Institute for Urban Economics (IUE) of the Russian Federation in association with Center for Energy Efficiency (CENEf), Russia, Housing Initiative for Eastern Europe (IWO e.V.), Germany, and the Institute of Housing (Institute Byvania), Slovakia (hereinafter Consultant).
The present Report describes the results of the expert analysis of the current condition of Russian housing stock comprising the following components:
- A prognosis of the dynamics of the future requirements concerning the capital repairs, access to utilities and an increase of the energy efficiency of the housing stock.
- The total cost forecast of repairing the housing stock in Russia to modern international standards. The costs should be broken down by type (capital, maintenance, operation), region and type of dwelling. The cost forecast should have a specified timeline for implementing the repairs.
- Specification of the size of the state obligations concerning capital repairs of the housing stock resulting from the privatization of the housing stock in accordance with Article 158 of the Housing Code of the Russian Federation and Law No 1541-1 dated 4 July 1991 entitled ‘On the Privatization of the Housing Stock of the Russian Federation’.