Some 50 Federal Assets to Be Privatized Before Year Ends - Kozhin

MOSCOW. May 5 (Interfax) - The Russian Presidential Property Management Department will soon put up for sale about 50 assets, said Vladimir Kozhin, the head of the department.

"Indeed, over the past year we have been studying very carefully our entire asset complex. And we decided to conduct a federal assets privatization program. In my view, the Suojun Tsupa deal was profitable, and we received the money we expected," Kozhin said in an interview with the Komsomolskaya Pravda newspaper, published on Thursday.

A few other competitions will soon be conducted, he said. "This will continue until the end of the year. Today the list contains about 50 assets, both in Moscow and outside the capital," Kozhin said.

There is a whole host of assets that the department does not consider to be essential, so "all this will be put up for sale, which will be a very serious saving for our budget," he said.

The proceeds will be invested in innovation and reconstruction of the Property Management Department's facilities, Kozhin said.

In 2011, the department sold the former state residence in Suojun Tsupa, in Karelia, for 191 million rubles. On May 3, it was announced that the Bor Health Center is putting up for sale its sports complex on Bolshaya Tikhonovskaya Street in Sokolniki. Department spokesman Viktor Khrekov told Interfax that the auction is due to be held at the Bor Center at 1 p.m. on June 3. The assets in question are two buildings with a total area of 2,858 square meters, a heating main and a sewage system. The starting auction price is 214,824,060 rubles.

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