OREANDA-NEWS. June 16, 2010. Prime Minister of Ukraine Mykola Azarov instructed "State Savings Bank of Ukraine" (Oshchadbank) to credit actively construction projects. He said this today during a meeting of the Cabinet.

"I had to turn again to the theme of restoring the country's construction – primarily housing. I said this in Oshchadbank. I ordered this state financial institution to give actively credits for construction projects", said Mykola Azarov.

The Head of the Government noted that according to calculations of experts, to maintain sustainable economic growth and solve social problems in the state we need to build at least 15 million square meters of housing annually: "And we have to build not luxury apartments but affordable social housing", said Mykola Azarov.

The Prime Minister instructed Vice Prime Minister of Ukraine Viktor Tykhonov and Minister of Regional Development and Construction of Ukraine Volodymyr Yatsuba to plan new constructions in the coming years according to the above-mentioned norm: "And do it very quickly, as the situation in 2009 when any construction site for new building was not prepared, when projects’ designing stopped, can lead to failure of the construction industry in the coming years".

As Mykola Azarov stressed, builders need our help to put themselves and fulfil ambitious plans. "It should be allocated housing sites for builders during the period of new constructions. We load down building complex not for a 1-2 year period, but for decades. So those who work there should have incentives, prospects and, ultimately, a roof over their heads in a place or city, which they build", said the Head of the Government.