Zavidovo Resort to Boost Year-round Wellness, Sports and Event Tourism with Financial Support from VEB.RF
One of the resort’s key facilities is a unique indoor family centre for year-round sports and water activities
The project aims to make the Tver Region more attractive and increase tourist traffic
The project is part of the Tourism and Hospitality Industry national project
VEB.RF has begun to provide funding for the project to promote year-round tourism and recreation at the Zavidovo resort in the Tver Region.
The loan agreements totalling about 29 billion roubles and aimed at financing the project were signed by VEB.RF and Zavidovo Park LLC in late December 2021. InfraVEB (part of the VEB.RF Group) was responsible for financial advice and financing for project documentation.
The project contributes to work on promoting year-round tourism and recreation at the Zavidovo resort, which has already become popular among guests from Moscow. The resort will receive 1,130 hotel rooms, an indoor family centre for sports and water activities, a playpark and a ski slope. It is intended that the resort will be provided with a wide range of guest attraction capabilities. Coupled with the woods of Zavidovo National Park and vast expanses of water, this will make it a unique tourist destination in central Russia.
The project is part of Volga Sea, an integrated regional project to promote the tourism industry in the Tver Region, which is also carried out under the Tourism and Hospitality Industry national project. The new Zavidovo facilities are designed to attract middle-income people and include three- and four-star hotels.
Some of Zavidovo’s infrastructure facilities are to be built with support from the regional government, such as a passenger hub, river port infrastructure and support facilities. In addition, Zavidovo Park LLC is provided with tax incentives as a resident of the Zavidovo special economic zone.
Igor Rudenya, Governor of the Tver Region:
“Zavidovo is one of our major projects. The new infrastructure will make it possible to deliver higher quality for recreation at the resort and provide support for small and medium-sized businesses.”
Zarina Doguzova, Head of the Federal Agency for Tourism of the Russian Federation:
“The project is to use concessional loans under the Agency’s programme to support hotel construction and refurbishment. We find it very important that the first 38 projects approved under the programme include not only seaside beach hotels, but also hotels in natural areas in the countryside. Beautiful nature, good local cuisine, and an escape from the hustle of city life attract tourists to Zavidovo all year round. It’s a good thing that our concessional lending programme will help to create more local hotels with high standards of service, safety and comfort.”
Nikolay Tsekhomsky, First Deputy Chairman and member of the Management Board, VEB.RF:
“At VEB.RF, tourist infrastructure projects are primarily seen as contributing towards national development goals. The Zavidovo project will help to achieve a bundle of economic and social outcomes. The Tver Region will receive new jobs and taxes, and resort guests will be provided with great opportunities for outdoor family activities, recreation, ecotourism and sport.”
“Promoting domestic tourism and creating new tourist attractions are in the best interests of the government in general and the region in particular. Becoming increasingly successful since 2008, the Zavidovo resort in the Tver Region now receives 200,000–250,000 tourists every year,” said Sergey Bachin, CEO, Vasta Discovery (Zavidovo resort project manager). “Our goal is to increase their number to 1 million guests. I’m sure that, with support from VEB.RF, the resort will be completely built in three or four years, and we’ll reach this goal together.”
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