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Home  »  Krasnodar  »  Economics

Construction of the Sochi airport and two ski resorts will be credited toward EBV.

Vnesheconombank Lake will be one major creditors to the construction of the Olympic Games in Sochi.

On Thursday a meeting of the Supervisory Board VEBa, which was approved lending facilities. Vnesheconombank will be credited toward the construction of Olympic facilities in Sochi on the Central Bank refinancing rate (13%) plus a walrus to 1,5%. Adopted VEBom rate is a major benefit for companies that are implementing non-Olympic projects.

Vnesheconombank was approved by the Supervisory Board to finance the completion of the airport in Sochi. Also, VEB will lend to the construction of Olympic facilities "Mountain Carousel" and "Rose Farm."

Sport-tourist complex "carousel Mountain" provides for the construction of 20 lifts, more than 70 kilometers of ski trails, four-and five-star hotels, houses and shopping centers. The "Rose Farm" is to establish world-class year-round resort on the outskirts of the village of Krasnaya Polyana. The project is planned to build a ski center, snowboard park, freestyle, house and a mountain of Olympic village. The total length of tracks "Rose Farm" will reach 60 kilometers. The investments in the resort of more than $ 300 million. Construction will be completed by 2012.


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