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The Coordinating Council for the implementation of the programme for the development of Sochi as a mountain climate resort will be held in Moscow on Tuesday
The Coordinating Council for the implementation of the programme for the development of Sochi as a mountain climate resort will be held in Moscow on Tuesday, the press service of the Ministry of Economic Development and Trade told Itar-Tass. The meeting will be held under the chairmanship of Economic Development and Trade Minister German Gref and will be the first after the victory of Sochi in the race for the right to host the 2014 Winter Olympic Games. The federal target-oriented programme for the development of Sochi was approved by a decree of Prime Minister Mikhail Fradkov in August last year. It envisages the attraction of state and private investments worth 12 billion US dollars for a period up to 2014. In accordance with the document, 12 new sports facilities will appear in Sochi in the next six years, including Alpine skiing tracks, ski jumping boards, the first in Russia bobsleigh track, ice hockey stadiums and the new central stadium. Besides, the programme envisages a 100-percent increase in the power supply volume to the region and the number of hotel rooms of the three-five star category will also be more than 100 increased. New automobile and railway roads will be built and a speed railway system will connect the airport and mountain tourist complexes. It is also planned to create a modern engineer infrastructure (energy and water supply, sewage system) both in the flat and mountainous part of the Big Sochi, as well as modern infrastructure for sports events on all kinds that are included in the Olympic programme. Finance Minster Alexei Kudrin said earlier that all necessary funds for the preparation for the 2014 Sochi Olympics are envisaged in the three-year federal budget that has been approved by the State Duma lower house of parliament. Over 15.9 billion roubles will be allocated this year for the construction of Olympic facilities in Sochi, the minister said. These funds will be spent on the development of infrastructure, sports facilities, transport routes and other. Sochi will become the first Russia's host town of the Olympic Games in modern history.
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