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Olympic legacy to bring Sochi $278-417 mln annually

February 26, 2014, 16:38 UTC+3 KRASNODAR

Almost 400 kilometres of roads, 22 tunnels, 200 kilometres of railways, 54 bridges and lots of other facilities were built in Sochi before the Games

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© ITAR-TASS/Artur Lebedev

KRASNODAR, February 26. /ITAR-TASS/. Use of the Olympic facilities in Sochi will yield 10-15 billion roubles, or $278-417 mln annually, the governor of Krasnodar Region Alexander Tkachev told the region’s legislative assembly on Wednesday, adding about 150,000 jobs would be created in the resort city in the following two or three years.

The Sochi Olympics have earned the Krasnodar Region world acclaim, said Tkachev.

“Preparations for the Games increased the investment appeal of not only the city of Sochi, but of the entire Krasnodar Region multifold,” Tkachev said.

According to the governor, almost 400 kilometres of roads, 22 tunnels, 200 kilometres of railways, 54 bridges for short- and long-haul trains, hundreds of kilometres of utilities and power lines, gas and own generation facilities were created here, as well as dozens of social facilities like hospitals, nurseries and schools. It would have taken “no less than a hundred years” to have all these facilities up and running, if the region had only its own budget to rely on, he added.

A newly-founded Olympic legacy department will deal with the region’s investment policies and strategic development, implementation of the Formula-1 project, development of tourism and sport infrastructure in Sochi.

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