News stories that caught my eye; some are new, some are updated:

• Over $622 million are allocated for Sochi program for the rest of this year from federal budget. Next year this sum will be $1.2 bln, and in 2009-2014 around $1 bln every year. Additional funds will be allocated in Krasnodar Regon’s and Sochi’s budgets, and more money will come from private investments.
• Business delegation from Belgium and Luxemburg will visit Sochi in May 2008 to learn about the opportunities in preparation for the Olympics. They are interested in construction, construction materials and hi-tech infrastructure projects.
• Second hydroelectric power station in Krasnaya Polyana will be completed by 2010 and will comply with all environmental requirements, including requirements of the Kyoto Protocol. Moreover, three billion dollars – a quarter of the promised 12 billion dollars investments, will be spent on upgrading Sochi’s energy sector. And this is a good thing, if you’ll remember this year’s (and every year’s) power outages in Sochi. All planned energy related projects are promised to be completed by year 2012.
• Around $117 million will be spent on four telecommunications projects in Sochi.
• Over 50 000 police officers will be ensuring safety in Sochi during the Olympics — that’s three and a half times fewer than during Summer Olympics in Moscow in 1980. Large role will be given to the hi-tech tools, such as state of the art video surveillance systems and new systems setup around the city with direct lines to the police.
• Three backup airports will be built for the Olympics in Russia’s South: in Gelendzhyk (another Back Sea resort north of Sochi), Mineralnye Vody (“Mineral Waters”, a … mineral waters resort :)), and Krasnodar (region’s capital). Sochi’s airport will be upgraded to accept any size aircraft in almost any weather conditions.

Backup airports for 2014 Winter Olympics