Odessa officials plan to take on credit 1 billion UAH. Such a decision was supported by the profile deputy commission, but the last word is for the session of the City Council. Authorities are going to send a loan for the restoration of individual houses and entire streets, repair of heating systems and other infrastructure projects, but the idea is already criticized. Most of the money - 425 million UAH - according to the plan will get the management of capital construction. Judging by the presentation prepared by the city finance department and published by the deputy Anna Pozdnyakova, of this amount, 184 million will be spent for the construction of two schools in the Suvorov and Primorsky districts of the city, another 81 million UAH for the house for people who need better housing conditions. 50 million USD will be allocated for the construction of the Novoarkadievsky collector and repair of the facades in the center. However, according to Pozdnyakova, information about the future loan is still too little. "The draft decision of the City Council lacks information about the pledge and other significant terms of lending. Moreover, the forecasted indicators of the budget of Odessa are not specified, not for five years, even for the next year, "the deputy emphasized.. They also intend to spend loan funds for the repair of elevators (UAH 100 million) and heating systems in the city center and Kotovsky housing estate (UAH 370 million). True, some representatives of the City Council doubt the appropriateness of such financing. "When on May 19 at the Housing and Utilities Commission the issue of preparing for the heating season was considered, a letter from the director of" Heat Supply "was submitted that they plan to implement these same activities at the expense of the city budget. Then the loan was not needed! "- the deputy Alexey Eremitsa was indignant. A separate item of expenditure indicates the restoration of the long-suffering monument of architecture - Russov's profitable house - for UAH 60 million. "But the problem is to return it to the city property", - said today's public Mikhail Meizersky. Despite the purpose of the loan, the idea of ??raising credit funds has already provoked a flurry of criticism not only among the deputies, but also among the public and experts. "The loan rate of 17% is low, even less than inflation. But the problem is that now 600 million UAH from the city budget lie on the deposit at 14% per annum and it will have to be given more than the city will earn on deposit, "political scientist Gennady Chizhov explained to us, suggesting that the decision to raise funds is dictated not only by the real need , but also by the political situation in the city.

Original article: The reconstruction of Odessa wants to take a loan of 1 billion UAH: what will the money go to?.