Becoming a Russian Oligarch After Rebirth
Chapter 914 - 858: The Good Deed You Did

Chapter 914: Chapter 858: The Good Deed You Did

The second part of the new plan is about improving the urban infrastructure of Moscow and Petersburg.

This includes the city roads, sewerage systems, and water and electricity networks.

Of which, Moscow is allocated a budget of one trillion Rubles and Petersburg five hundred billion Rubles.

The third part is something Wang Ye had proposed before to address the housing issue for young professionals in big cities, specifically Moscow and Petersburg.

That is to construct affordable rental apartments!

This part of the budget is five hundred billion Rubles, with four hundred billion allocated to Moscow and one hundred billion to Petersburg.

This is also because Moscow indeed has a large population, and because the cost of living and rent here are relatively high.

In Petersburg, however, the prices of goods and housing are quite a bit lower, and the problem is not as severe.

Therefore, in the first phase of the plan, funds and resources will lean towards Moscow to first address the housing and survival issues of the young professionals here!

In addition to these hardware improvements, Wang Ye is also considering software aspects.

For example, he is promoting relevant regulations to provide tax relief to enterprises that hire recent university graduates.

To encourage enterprises in Moscow to recruit more college graduates and provide more job positions.

Moscow, this city has so many great universities!

Every year, so many university graduates, among whom are elites, leave for other countries, which truly pains my heart.

The lack of vitality in the economy is also largely related to the severe outflow of university graduates.

The purpose of Wang Ye’s series of policy implementations is to fundamentally resolve this issue!

From the city’s appearance and infrastructure to housing improvements, and to preferential policy and regulations, only by properly addressing each aspect can we truly solve the problem.

......

"By the way, how is the progress of the affordable housing project going?" Wang Ye turned to ask a committee member.

This committee member was specifically responsible for the affordable housing project and was also a member of the Duma Economic Committee. When the Duma had discussed the affordable housing project before, Wang Ye had assigned him to take charge of it.

He was quite responsible in his work, and thus, he had earned recognition and appreciation from Wang Ye. He is now following Wang Ye to The National Economic Development Committee, a definite promotion for him.

The committee member promptly replied:

"Director, the affordable housing project in Moscow has already begun its preliminary phase.

In order to promote this project more efficiently and cost-effectively, I have recently contacted various government departments and state-owned enterprises in Moscow, acquiring a batch of vacant old-style houses from them.

Although these houses are somewhat old, they will provide good living conditions once they are renovated and refurbished.

Especially since most of these houses are well-located, with convenient transportation, they are very suitable for single individuals or small families.

Of course, this was also because the initial budget for this project wasn’t quite sufficient, preventing the large-scale acquisition of land for new housing construction.

Now, with all this budget available, the speed of the affordable housing project will definitely be greatly increased!"

Wang Ye nodded in approval, "Mm, as for the affordable housing, the aim of this project is to solve the problem of living conditions for young people by providing them with an affordable, suitable place to live.

It is about solving the issue of ’having or not having,’ rather than ’better or worse.’ Therefore, there is no need for high costs, let alone turning it into luxury housing.

My requirement for this project is that it offers numerous dwellings, of reasonable quality, and, most importantly, the rent must be cheap enough!

For instance, the rent for a single room should not exceed one hundred US dollars a month, and the suite for a small family should not exceed two hundred US dollars a month..."

Of course, Wang Ye’s affordable housing project isn’t really intended to provide cheap housing for all Moscow residents.

Otherwise, everyone would stop buying their own homes and move into affordable housing, living without any pressure. This wouldn’t be conducive to striving!

Therefore, he needs to control it so that these houses only cater to recent university graduates.

To allow them to stay and work or start their own businesses without much pressure. Five to ten years later, when their income increases, they will still aim to improve their living conditions and buy bigger houses.

This is because it also ties into Wang Ye’s larger plan later on. He intends to continue driving up the prices of commodity houses in Moscow to support the development of the real estate industry.

Real estate is, in any country, a crucial pillar industry!

Don’t underestimate the significance of housing; it involves many industries and can drive the development of many others.

Reinforcing bars, cement, decoration materials, furniture and appliances, architectural design, sanitary ware and kitchenware...

This matter is even more significant than the automobile industry.

In any nation undergoing an increase in national power, housing prices rise rapidly, signifying the vigorous development of all aspects of the economy.

But while developing the real estate industry, we must not overlook the general population, especially the young people’s housing issues.

After all, a city with a sufficient number of young people is one that is vibrant, with promising prospects for development.

Eventually, housing in Moscow will slowly undergo polarization, with both high-priced luxury apartments and low-cost affordable housing...

......

Policies drafted by the Economic Development Committee are also gradually influencing the general populace.

Magi, also known as "Moscow Road and Automobile University," ranks quite well among polytechnic institutions.

In previous years, graduates from this university found it difficult to stay in Moscow because there weren’t many job positions available and the competition was fierce.