The President held a meeting on the implementation of the Capital Investment Fund program and improving the mechanism for holding tenders

The Capital Investment Fund program that was launched four years ago continues despite the negative impact that the coronavirus pandemic has on the economy. More than six hundred objects that have not received attention for decades have already been built, repaired, equipped within the framework of this social and infrastructural development program. Funds have been allocated in this year's budget in a smaller volume than before for objective reasons. We are talking about 160 million rubles for repair and construction work and 52 million for equipping social institutions. During a working meeting with the Government, the PMR President Vadim Krasnoselsky asked about readiness to implement the Capital Investment Fund 2021 program, as well as about the measures taken to improve the mechanism for holding tenders. The President pointed out its shortcomings earlier. Vadim Krasnoselsky said that it is reasonable to hold competitive procedures until March. 

The financing of the estimate work was another aspect that the President focused on. The practice that has been in force so far resembles a vicious circle: it is impossible to hold a tender without the availability of design and estimate documentation, and it is impossible to allocate funds from the Capital Investment Fund for development of this very estimate without it. Vadim Krasnoselsky urged to think over a legal mechanism that would eliminate this conflict and to submit a corresponding proposal as soon as possible. Funds from the reserve fund will be used in the meantime in order to prevent bureaucratic downtime in work. 

Work is planned for the total amount of 72 million rubles under the Capital Investment Fund for the first quarter of this year.