GAS will get tax benefits on the property in the amount of 44 million rubles

NIZHNY NOVGOROD, September 8. /TASS/. The investment Council of Nizhny Novgorod region approved the application of the automobile GAS tax benefits for the project “Gazelle Next. Second stage. Vans and buses”, the company will receive support in the form of breaks on property tax. This was reported to journalists on Friday the Deputy Minister of investment, land and property relations of the region Alexander Kononov.

“We have today considered and approved the application for a priority project of the automobile GAS – phase two “Gazelle Next”. This project is socially significant to our region, plus the fact it affects the further development of the automotive industry in the region. In this project investment amounted to 5 billion (investments of “GAZ Group” – approx. TASS) project is a high priority, and the plant will receive the benefits tax on property in the amount of 44 million rubles for the period of the project,” – said Kononov after a meeting of the investment Council, which took place on Friday in the regional government.

“Group GAZ” – the largest automotive holding of Russia, which unites 13 enterprises. The main shareholder is LLC “Russian machines” (65,56%), which is included in “basic element” businessman Oleg Deripaska.