BERLIN, February 16. /ITAR-TASS/. Salutary effects of the investment that has been made in the sports facilities in Sochi will be felt decades after the XXII Winter Olympic Games underway there now are over, Thomas Bach, the President of the International Olympic Committee said in an interview with the German weekly Bild am Sonntag, which the newspaper published Sunday.
Russia used the Olympic Games as a catalyst for transforming Sochi into an upgraded international center of tourism and conferencing and the highly beneficial effects of the monies invested there will be felt by the local people decades after the completion of the Games, Bach said.
He added along with it that a further use of Olympic facilities and hotels is not to be taken for granted but the Russian side seems to have realized it must work scrupulously on the issue and it has already taken some essential steps.
Among the latter, Bach singled out a stage of Formula 1 race due to be held in Sochi before the end of 2014.
Bach said that each city filing for an Olympic bid in the future should ask itself a question about the heritage the Games will leave to posterity and the place this heritage will have in the social, ecological and economic aspects over the long-term.
He also denied the assertions that the cost of the Olympic Games in Sochi had come to 40 billion euro.
The spending for the organization of these Games stood at around 1.6 billion euro and it was thus relevant to the parameters of previous Olympic budgets, Bach said.