OREANDA-NEWS. August 29, 2011. The Government of the Russian Federation approved the Actions Plan for attracting investments to the housing-and utilities sector, reported the press-centre of FAS Russia.

The Action plan is designed with participation of the Federal Antimonopoly Service (FAS Russia) and is aimed at enhancing investment attractiveness of the housing-and utilities sector.

It sets mandatory requirements for organising competitive bidding in order to attract independent providers to manage communal infrastructure in case of gross breach of the service quality standards by utility providers, as well as in case of bankruptcy of unitary enterprises in the housing and utilities sector.

The Plan also formalises transition to long-term tariff regulation, simplifies the procedure for registering utility networks, and establishes mutual responsibility of utility providers and the authorities for violating obligations for implementing investment and production programmes on the one hand, and tariff decisions on the other hand.

“The Government decision to transfer communal infrastructure from ineffective state and municipal unitary enterprises under long-term lease or concessions to processional providers upon the outcome of competitive bidding together with efficient measures for protecting the rights of bona fide investors will stimulate enhancement of quality and reliability of services in a socially sensitive and Utilities Sector”, pointed out Deputy Head of the FAS Department for Control over Housing and Utilities Sector, Construction and Natural Resources, Maksim Kononenko.