The Russian Federal Agency for Management of State Property (RosImushchestvo) intends to sell 16.7% stake in the state-owned Nizhny Novgorod port OJSC, the regional Novaya Gazeta reported, citing Rosimushchestvo statement.

Nizhny Novgorod port OJSC was founded on the basis of the assets of a river cargo port, established back in 1920. The port maintains and operates its own fleet including tug-pushers, barges, dredgers, boats to provide shipment services. It is engaged in transshipment of bulked cargo, in mining of sand.

As of early 2010, the stockholders of the NNP were Macromir LLC, LEK Estate Concern LLC, A Generous House LLC, RegionStro, each holding 20.83% of shares. The regional  Nizhny Novgorod Administration of Federal Property Management Agency owned 16.67% stake in the company.

Nizhny Novgorod port JSC has 20 hectares of land in the long-term lease on the arrow of the Oka and Volga rivers. The territory has been allocated for a $4 billion "City-Arrow" business center project, to build a complex of high-rise administrative and commercial buildings, as well as hotels, offices, sports and entertainment and shopping centers.