SIMFEROPOL, August 23. /TASS/. The construction work on the territory of the future gambling zone in Crimea will start in 2017, head of the region Sergey Aksyonov told reporters.
"The day before yesterday (on Sunday - TASS) they presented a roadmap of this project with the terms of construction...The design stage should be completed by the end of the year and next year the construction will start," Aksyonov said.
He said that the project has a private investor but refused to name the entity because of the Western sanctions related to Crimea.
Earlier Aksyonov said that the presentation of the project would be held in the middle of summer.
"The presentation (of the project of the gambling zone - TASS) will be held anyway. Simply the private investor is adjusting its plans and I can’t influence this process," the head of the region said.
Aksyonov said he could not predict whether the Crimea gambling zone would become a competitor to the gambling zone in Sochi.
In 2014, President Vladimir Putin signed a decree on creation of the gambling zone in Crimea and so far the project has been on the stage of consideration. The gambling zone is to open in Crimea before 2019.
In June 2014, Aksyonov said that the creation of the gambling zone at the peninsula will cost between $100 mln and $1bln.
Experts expect the gambling zone to bring up to 25 bln rubles ($387 mln) to the budget of Crimea annually.
In June 2016, the government of Crimea determined the borders of the future zone. It will be located on the territory of the Gaspa settlement near the city of Yalta and will occupy the area of 16.8 hectares.