OREANDA-NEWS. April 17, 2008. The mortgages amount to 382,9 million roubles: 128 totalling 215 million roubles will go to buy housing on the primary market, and 100 totalling 167,9 million roubles to buy homes on the secondary market, reported the press-centre of Russian Railways.

In IQ2008, Far Eastern Railways provided 65 mortgages, of which 39 were to purchase housing on the primary market and 26 on the secondary. These mortgages totalled 89,06 million roubles or 23% of this year’s annual limit.

In IQ2008, 23 employees at Far Eastern Railways who had children while repaying their mortgage were awarded grants to repay part of the cost of their apartments amounting to the value of 10 square metres or 5,073,000 roubles.

This is in accordance with the rule when the first child is born during the mortgage repayment period, the cost is subsidised by 10 square metres, the second child by 14 square metres and the third by 18 square metres.

The sale of apartments to railway employees is carried out by Zheldoripoteka, a subsidiary of Russian Railways, and its regional subsidiaries.