MINSK, 4 June (BelTA) – Belarus will introduce tougher punishment for mala fide developers engaged in shared participation construction projects, President of the Republic of Belarus Alexander Lukashenko said at a meeting to discuss housing construction on 4 June, BelTA has learnt.
Alexander Lukashenko noted that a requirement to strictly observe the terms and cost of construction works stipulated in contracts will be formalized by the law.
“We will switch from persuasion to direct requirements the violation of which will result in immediate and unavoidable punishment,” the President underlined.
“If a developer breaks the contract through his own fault, he will incur all additional expenses. In addition, a developer will pay a fine in favor of the other party,” the head of state said.
The President emphasized that the draft decree has already been prepared. The head of state is convinced that these measures will help considerably advance in resolving the housing issue.
Written by belta.by
