9 auctions will be held in order to sell 30 real estate objects in Nizhny Novgorod, Russia

Privatization of municipal property is continuing. 17.Aug.14 11:23 AM By Abigail Richards Photo mvolna.by    440

Chairman of the Committee on City Property Management and Land Administration Valentina Nikulina has resumed the results of work which was made during the first half of 2014. She said that profitable art of the city budget has increased by 1.3 billion rubles from the beginning of the current year. These funds have been received from different sources. They include sales, rent and privatization.                    According to the official 10 auctions have been already held which made it possible to sell 15 objects of municipal property. They include nonresidential buildings, objects with land and shares in shared ownership. Media Cooperation Department in Nizhny Novgorod has also provided information about the fact that 9 more auctions are planned to be held in 2014. They will help to sell 30 more objects of municipal property. This will lead not only to commissioning of these objects but also to additional income for the budget. Privatization plan of 2012-2014 has set the Committee on City Property Management and Land Administration clear targets. Official do everything possible in order to achieve them in accordance with results.

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