North Caucasus | Tourism, recreation

Sinara to invest $213m in Romantic tourist complex in Arkhyz ski resort

18 Feb '11
Group Sinara has announced plans to invest $213m building the first touristic complex Romantic of the Arkhyz ski resort in the Republic of Karachayevo-Cherkessia.

The project is reportedly to be partly financed with a loan from state-run Vnesheconombank.

Under the project, the company is to build several hotels, ski slopes, ski lifts, cableways and other touristic facilities.

Under the work schedule, by skiing season of 2011-2012 the company is to put into commission three hotels, 860-meter-long four-seat cable way to go up 1,770 meters.

By 2012-2013 skiing season the company is to build 14-kilometer ski slopes, nine ski lifts and more hotels, the firm said.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content
Latest News: North Caucasus
1 Sep '14 | Technology & innovation
13 Mar '14 | Finance, business | Technology & innovation
11 Mar '14 | Finance, business | Technology & innovation
6 Mar '14 | Finance, business | Industry, manufacturing
3 Dec '13 | Technology & innovation | Finance, business
 

Feature stories

4 Sep '14
Scientists from Kazan National Research Technological...
Search (News archive - 18840)
Russian Venture Capital Market Overview

Latest News

19 Sep '14
The Russian government is considering introducing a...
19 Sep '14
Fingerpost, a Krasnoyarsk-based company in Siberia,...
18 Sep '14

Most read stories from last week

17 Sep '14
A ‘counter-crisis’ venture fund has been launched in...
17 Sep '14
18 Sep '14
Twitter is holding negotiations to sell...