Shared construction insurance system may be launched in Russia

11.04.2016

We need to establish a federal state insurance fund of shared construction projects, said Oleg Soroka, Deputy Chairman of the Committee on Urban Planning and Land Management and National Property of the Moscow City Duma.

“Currently, the issues of creating a separate structure – the so-called “Federal State Insurance Fund of shared construction projects” are actively discussed,” said Oleg Soroka in the interview to “Interfax”.

In his opinion, it should be a federal state fund, and developers will be obliged to make contributions amounting to 0.5% – 1.5% of transaction volume.

“The new structure would resolve global issues in the field of share construction, which now do not find their solutions,” said Oleg Soroka.

Interfax

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