Transparent privatization: the cost of the railway track in competitive bidding has increased in 8.5 times

An auction  for the privatization of a separate property – the access railway track with a length of 727.2 running meters in  Novovolynsk town (Volyn region), was held on January 27, 2021, according to its results  the state budget should receive UAH 1.05 million.

Ten participants competed for the ownership of the asset at the open auction, which increased the price in 8.5 times – from the starting UAH 122,673 up to UAH 1,050,000.01

The competition for the right to privatize the object continued during all three rounds of the auction.

Now the winner must sign a protocol on the auction results, enter into a contract of sale purchase and make a payment – after that the process of privatization of the object will be considered officially completed.

To find Information on the upcoming privatization auctions follow the link.

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