$16 bln US invested so far

Vladimir Putin, working as a prime minister of Russia these days, said today during live video call with Vancouver, where the Olympic Games will take off in a couple of days, that preparations for the next Olympic Games (to be hosted in Sochi, Russia) have already attracted 500 billion rubles ($16.5 billion US). He also confirmed that so far we are on time financing and time vise.

4 thoughts on “$16 bln US invested so far

  1. Brian Clark

    Big thankyou to Vladimir Putin, who is a spotsman and finr Athlete !!!

    Best Regards from Brian in Scotland !!

    “Hoping to be free some day” !!

  2. Brian Clark

    Big Thankyou to Vladimir Putin !! , who is sportsman and also a fine Athlete !!

    Best Regards from Brian in Scotland

    “Hoping to be free some day !! “

  3. OLEG

    What a silly idea – to host the Winter Olympic Games in the warmest city in Russia? Is Siberia not suitable for it? Huge amounts of money are to spend, because even snow has to be brougt in!

  4. Erik Post author

    Well, first misconception here is that snow won’t need to be brought in, because in the mountain cluster, which will host all the skiing and sliding venues, there’s always plenty of snow.

    Having said that, I think what many people do not understand is that Sochi having great potential for being both summer and winter resort, has been only developing it’s summer-tourism opportunities. Having all this investments pouring into it’s winter infrastructure will help it develop as a year-round resort.

    Additionally, Sochi already has developed (arguably, i agree. everything is comparative) hospitality industry, lots of hotels, etc. To build all this somewhere in the remote Siberian city would require a lot more money.

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