The Kstovo water utility will be saved from bankruptcy at the expense of the Nizhny Novgorod budget.
The administration of Nizhny Novgorod has decided to provide emergency financial assistance to the crisis-stricken municipal enterprise "City Water Supply" of the city of Kstovo. As officially commented by the city hall, targeted budget allocations are being made to prevent the bankruptcy procedure of the resource-supplying organization. The financial injections are aimed at quickly restoring the solvency of this key utility enterprise.
While the municipal authorities are seeking funds for the rehabilitation of housing and communal services facilities, the regional center is giving the green light to long-awaited social construction projects - it was previously reported that the project for the construction of a sports complex on Rodionova Street has been approved in Nizhny Novgorod.
The need for large-scale support from the metropolis's treasury is caused by the critical economic situation of the Kstovo water operator. According to data from the analytical system "SPARK-Interfax," the net financial loss of this municipal water supply company exceeded 90 million rubles based on the results of its operations for 2025.
More news on the event:
Nizhny Novgorod will allocate funds to support the Kstovo water supply company
Financial assistance is expected to help the enterprise avoid bankruptcy and restore its solvency. 14:34 20.06.2026 Newsroom24.Ru - Nizhny Novgorod
The Kstovo water supply company will be saved from bankruptcy at the expense of the Nizhny Novgorod budget
The administration of Nizhny Novgorod has decided to provide emergency financial assistance to the crisis-stricken municipal enterprise "City Water Supply" of the city of Kstovo. 14:31 20.06.2026 Otkryty Nizhny - Nizhny Novgorod
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