Intellectually Disabled People in Yakutia to Get New Assistance on 1 April

1 april 2021 года
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  • The republican authorities and VEB.RF launch an assisted living programme for people with disabilities
  • The programme aims to help 30 mentally impaired local residents to become equal members of society

The assisted living programme for people with mental health disabilities is to come into test operation in Yakutia on 1 April.

Svetlana Yachevskaya, Deputy Chairperson and member of the Board, VEB.RF, said: “The project is designed to make it unnecessary for people with mental health needs to live in neuropsychiatric establishments. They can live with their families or even independently. Mental disorders can differ from each other. And many of these people can really lead a socialised life. It’s very important to see how assisted living, the fact that these people live in conditions similar to their homes with certain necessary modifications or in a specially created environment, would help them to learn some social skills. The most important for people—with any abilities, with any impairments, with any special needs—is quality of life. And most of these people can considerably improve their quality of life thanks to our project. Private investment in the social sphere will make it possible to achieve fundamentally new results.”

The idea is implemented within a special category of projects, namely social impact bonds. They are clearly structured. The government engages private investors to finance social impact projects and pays for the achievement of specified outcomes. In this case, the goal is to help 30 mentally impaired local residents to become equal members of society and have normal activities of daily living, such as finding a job and starting a family. Eighteen of them will receive help at home, another 12 in the assisted living residence that will soon open in Yakutsk.

“The Far East, with its vast, sparsely populated area and its harsh climate, is desperate for innovative solutions aimed at improving quality of life. In Yakutia, we adapted mechanisms for financing social impact projects to be suitable for local conditions. These mechanisms are widely used all over the world and make it possible to attract private investment to quickly and efficiently deal with governmental issues. Yakutia has two social impact projects funded by VEB.DV (part of the VEB.RF Group). One of them is aimed at improving the quality of education for schoolchildren, and the other is launched today: in the area of assisted living for people with mental health disabilities. This is only the beginning of the radical transformation of social financing, and the VEB.RF Group will pay particular attention to it in the Far East,” said Artyom Dovlatov, Deputy Chairman and member of the Board, VEB.RF.

The project originator is the Government of the Republic of Sakha (Yakutia); the investor is VEB.DV, a subsidiary of VEB.RF; the contractor is GAOORDI, a Saint Petersburg–based association of disabled children’s parents. GAOORDI has considerable experience of organising assisted living facilities for mentally impaired people.

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VEB.RF and InfraVEB Ready for New Tourism Projects

2 february 2021 года
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VEB.RF, InfraVEB and Gleden Invest have signed a memorandum of cooperation to assess, prepare and carry out tourism-related investment projects.

The document was signed by Nikolay Tsekhomsky, First Deputy Chairman and member of the Board, VEB.RF; Alexander Klyachin, Chairman of the Board of Directors, Gleden Invest; and Denis Nozdrachev, CEO, InfraVEB.

The parties are considering projects to create ski resorts, a chain of hotels, a seaside resort, a resort within the Golden Ring of Russia, and a leisure and hotel complex in the Urals Federal District. For example, the projects include the expansion of the Sheregesh Ski Resort recreational area (investments of up to 10 billion roubles) and the construction of hotels in Tobolsk, Blagoveshchensk and the Elbrus region. The total project value is estimated at dozens of billions of roubles.

“Promoting tourism as a sector of the urban economy is high on VEB.RF’s list of priorities. We today agreed on the distribution of tasks among the parties. I’m confident our cooperation will be mutually beneficial and will allow us to begin to provide financing as soon as possible for specific significant investment projects related to tourism, aiming to implement the presidential decree on the national development goals of the Russian Federation for the period until 2030,” Nikolay Tsekhomsky said.

“Gleden Invest is the largest Russian player in the hotel services market, and we are interested in promoting and implementing new tourism projects in Russia. By participating in projects with such partners as VEB.RF and InfraVEB, we can provide the market with new modern technologies and quality standards and, at the same time, increase our hospitality business,” Alexander Klyachin said.

“Tourism projects need public and private investment, including through public-private partnerships. InfraVEB will help to increase the number of well-prepared investment projects, and we are ready to provide the project initiators with advisory and financial services necessary for project financing,” Denis Nozdrachev said.

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