MKM and KredEx to enable renovations for Soviet-era apartment buildings

28.08.2020

The Estonian Ministry of Economic Affairs and Communications (MKM) and state credit body KredEx are preparing a pilot project that would enable standard design apartment buildings to be renovated under the Kredex-sponsored arrangement using prefabricated elements in the future.

The ministry and KredEx are preparing a support arrangement that would allow about 20 apartment buildings up to five stories high and built to specific Soviet designs to be refurbished. For such projects, roofing and exterior wall elements coming complete with thermal insulation, windows and the ventilation system will be manufactured at a plant, meaning that only installation of the prefabricated elements and finishing have to be performed on-site.