Problems of attracting investment in housing and communal services

Authors

  • D.R. Batkeyevа
  • S.N. Ulakov
  • Z.N. Borbasova
  • R.A. Abramov

DOI:

https://doi.org/10.31489/2021ec2/43-55

Keywords:

housing and communal services (HCS), investments, benefits for the population to pay for housing and communal services, capital investments, financial risks, competition, concession agreement, tariff regulation

Abstract

Object: The article deals with the problems of creating incentives to attract investment in order to modernize and create fixed assets in the housing and utilities sector. The main negative factors that negatively affect the attraction of investments for the reproduction of fixed assets of housing and utilities organizations are reflected.
Methods: The paper analyzes the pricing policy for housing and communal services for enterprises and the population of the Republic of Kazakhstan, highlights the positive foreign experience of attracting private capital to the housing sector through concession agreements.
Results: Monetarization of benefits for the population was not used in the field of housing and communal services, which led to the emergence of a mechanism for issuing subsidies for housing and communal services. Currently, about a third of the population of the Republic of Kazakhstan is entitled to benefits for housing and utilities companies do not lways receive full or timely budget subsidies for additional payments to preferential categories of the population. This circumstance increased financial risks in the activities of housing and utilities enterprises and led to a decrease in their profits and, accordingly, investment activity.
Conclusions: The sphere of housing and communal services is characterized by the provision of two types of services to homeowners. Housing services include everything that is necessary for the proper maintenance of the common property of the owners of premises in an apartment building. A specific list of housing services is agreed by the owners and the management organization in the contract. Housing services, for example, include maintenance and repair of common property of owners of premises in an apartment building (inspections of common property, detection of damage and violations), including sanitary maintenance of common property (janitor services, cleaning of entrances, their disinsection and deratization, services for cleaning garbage chutes); services for managing common property and common funds (receiving, storing and transmitting technical documentation, filling in and updating information in the GIS housing and utilities, debt collection, etc).

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Published

2021-06-30

Issue

Section

ECONOMY