The PSRM candidate for Chisinau mayor, Ion Ceban, intends to create five large housing stock management companies, one for every sector of the city, IPN reports.

The candidate mentioned at a press conference that currently 21 out of 23 companies that manage Chisinau’s housing stock are undergoing liquidation. According to Ion Ceban, what happens to these municipal enterprises “is the result of those who have ruled Chisinau so far.” The companies have debts of around 1 billion lei.

Ion Ceban declares that once he becomes mayor, he will focus on co-financing several projects related to housing stock management, from the major repairs to current repairs, from the stairs to access road and the adjacent territories to the blocks. He intends to allocate 200 million lei from the municipal budget. Ceban states that this amount is insufficient but enough to start modernizing the housing stock.