The Cabinet of Ministers has approved the raising of $500 million loan from China national Corporation of General Contracting (CCEC) to Finance the implementation of the state investment project “Provision of housing under the mortgage crediting or financial leasing”. This was announced by Deputy Minister of regional development, construction and housing and communal services the lion Partskhaladze.
“Implementing projects of public leasing housing in Ukraine is an enormous positive changes in the housing market, because of the simplified lease a greater number of citizens will be able to buy their own homes. Very glad that the government supports this important initiative and has already agreed on raising $500 million loan from China national Corporation of General Contracting (CCEC) on the implementation of such projects in Ukraine. For its part, the regional development Ministry is ready to support these changes,” wrote Partskhaladze on his page in Facebook.
Credit under the state guarantees be provided for a period of 15 years effective interest rate will be 4.5% per annum. The sample loan will be in tranches according to the approved schedule of financing.
We will remind, introduction of the state of financial leasing in Ukraine has been the State mortgage institution of Ukraine. According to the results of open competition on attraction of external borrowings to Finance the investment project the winner of the Chinese national Corporation of General Contracting (its empty).
Housing in leasing – a lending alternative that provides rental housing with the right of redemption at maturity. The main difference from a loan is that the leasing has simplified procedure of registration and some tax incentives for legal entities To obtain lease financing does not require collateral because the leased asset belongs to the leasing company, and title passes to the customer after full payment of the lease payments.