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Total value of VEB’s projects in the Krasnodar Territory is 3.5 trillion rubles

30 september 2015 года
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RIA Novosti

Moscow, September 30, 2015

MOSCOW, Sept. 30- RIA Novosti/Prime. The cost of funding projects in the Krasnodar Territory by VEB is 3.5 trillion rubles, RIA Novosti reported at the State Corporation’s press office in connection with the Sochi International Investment Forum to open on October 2, 2015.

“The total value of projects in the Krasnodar Territory as of September 1, 2015, is 6.7 trillion ruble, with VEDB’s approved participation share being 3.5 billion rubles. A total of 1.9 trillion rubles were committed to projects with VEB’s participation in the Krasnodar Territory”, according to the State Corporation’s press office.

Out of them VEB fully funded the construction of 20 Olympic facilities in Sochi for an amount of 251.1 billion rubles, with their total value being 334.4 billion rubles.“Since the establishment of the Bank for Development, VEB’s governance bodies approved the Bank’s participation in 331 projects. Out of them VEB completed funding of 77 projects, at present, 198 projects are being funded”, they said at VEB’s press office.

Among projects funded are the construction and operation of Alpine Ski resort Rosa Khutor valued at 85.4 billion rubles, with VED’s participation share being 72.8 billion rubles, as well as the construction of Olympic facilities at GornayaKarusel sports and tourist complex in Krasnaya Polyana valued at 93.7 billion rubles, with VEB’s participation share being 59.7 billion rubles. The cost of VEB’s participation in the project on the construction of the main Olympic Village to accommodate 3000 athletes is 24.8 billion rubles out of 28.5 billion rubles.

The construction of a five-star hotel in Immertinskaya lowland wasin the Krasnodar Territorybillion rubles out of which VEB committed 4.9 billion rubles. The construction of an office building in this district was worth 4.99 billion rubles, with VEB accounting for 4.3 billion rubles. The construction
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