Organization of the Olympics – it is always a megaproject that combines the efforts of state and private investors, and radically changes the trajectory of development in the region of the Games. Today, Sochi has invited international investors to make a contribution to the future of a unique resort in southern Russia, which combines the sea, summer vacations and winter sports.

Russian federal government and the authorities of the Krasnodar Territory offer special support tools investors. Among the sites for investment – sports and business facilities, infrastructure, hotel accommodation, the service cluster. Thanks to the Olympics in the near future, Sochi will become the international travel and communication center.

Especially for investors in the world of real estate exhibition MIPIM 2009 was the presentation of the program «The Olympic legacy: the continued use of the Winter Olympic Games Sochi-2014».

As part of an international real estate exhibition MIPIM 2009 Krasnodar region presented 11 projects from the Olympic pool «Sochi-2014». Foreign investors are invited to participate in the construction of sport and commercial properties worth 3.9 billion dollars in the number of joint investment in construction projects – a complex «Gornaya carousel» (financed by Sberbank of Russia), the hotel portion of the Olympic Village (investor – the company «Bazel»), and also indoor skating center (investor – the company «RussNeft»).

At the presentation of «Sochi-2014», held in Cannes, the Russian authorities for the first time identified the cost of the Olympics. According to the Governor of the Krasnodar Territory Alexander Tkachev, megaproject «Sochi-2014» is estimated at 20 billion U.S. The President of the state corporation «Olimpstroy» Victor Kolodyazhni noticed that during the four years of the project will be invested 10 billion U.S. Released amount includes both sports, and all commercial construction, which had not been included in official calculations.

Vice Prime Minister Dmitry Kozak said the cost of 218 billion rubles by 2012, of which 108 billion rubles from the budget will be in Russia. However, these investments are only the construction of sports facilities and related infrastructure, with hotels and other commercial real estate. In doing so, the Vice Prime Minister hoped that the crisis will help reduce the price of Olympic construction, to reduce the prices of construction materials by at least 15%.

In a presentation prepared for foreign investors, have been identified dollar prices, which at current rate of almost twice the estimated amount of 2006 in rubles. Mr. Kozak noted that emphasis is placed on investors from abroad. «We are very interested in attracting foreign investors – said vice-premier. – We are ready to any cooperation with all the investors».

According to Mr. Kozak, the companies that will participate in the Olympic construction, can count on long term loans for 7-10 years. In addition, investors can also obtain tax relief and long-term leases of land «in favorable conditions». Vice-Premier noted that the current capacity of the Sochi market is 5 billion dollars a year, and after the Olympics, this figure should increase to 8-10 billion dollars «Sochi – it is Nice, and Adler – our Cannes», – advertises Krasnodar Territory President of the Organizing Committee «Sochi-2014» Dmitry Chernyshenko.

Foreign investors invited to participate financially in 11 facilities in Sochi. These included three hotels, two thermal power plants, four ice arenas (Small Ice, the Ice Palace of Sports, Big Ice Arena and indoor skating center), mountain range «Gornaya carousel» and the main Olympic Village. One of the most expensive project was the construction of infrastructure – power plants in Kudepste: according to the presentation, the investment cost of the project is 680.8 million dollars, but it must be paid back over 11 years.

The list of projects seeking funding, also hit three projects have already identified the main investors. Thus, the ski complex «Gornaya carousel», carried out by «Krasnaya Polyana», with the participation of Sberbank, is counting on 791 million USD investment. A further U.S. $ 149 million needed for construction of indoor skating center, which was to finance «RussNeft». Now its participation in this project the company has not commented.

In co-investors need to Olympic Village for 3 thousand seats in Imeretinskaya lowland. The main investor in the project supports the company «Rogsibal», member of «Bazel».

Russian authorities expect to save their own funds for the construction of the Olympics. Vice Prime Minister Dmitry Kozak promises that all projects that do not find a third-party funding, will be built by the budget, but the state is interested primarily in raising funds from foreign investors.

What are the Olympic buildings are looking for foreign investors?