Siberia | Tourism, recreation | Finance, business

Alemar gets $73.3 Sberbank credit line for ski resort

15 Aug '08
Moscow-based investment and financial corporation Alemar is opening a $73.3 line of credit with RF Sberbank's Altay office, sources in the bank report.

The borrowed funds will be used to build the first $106m stage of a $407.4m Manzherok all-season skiing resort in Altay.

The complex's total acreage is expected to be 900 hectares. Plans stipulate construction of 32 ski trails covered with artificial snow. A total length of all ski trails is to be 60 kilometers, while the altitude difference will be 820 meters.

The complex will also have 15 cable cars and a hotel complex for 4,500 guests.

It is expected that by December this year Alemar will have built a few ski trails and three cable cars. In spring 2009 a service-center, hotel complex, park-hotel, sports equipment rental center, sports grounds and a restaurant are to be commissioned with a new beach area.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Altai

Latest News: Siberia
12 Sep '17 | Technology & innovation
29 Aug '17 | Technology & innovation | Energy, utilities
4 Aug '17 | Industry, manufacturing | Finance, business
27 Jul '17 | Industry, manufacturing | Technology & innovation
 

Feature stories

7 Sep '17
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
20 Jun '17
In regions most of European Russians will hardly ever...
Search (News archive - 21157)
Advertising
Marchmont News
Advertising
Nano & Giga Symposium

Latest News

19 Sep '17
Scientists in St. Petersburg have partnered with...
18 Sep '17
A new venture fund has been launched in Russia to...
15 Sep '17
Researchers at the North-Eastern Federal University...

Most read stories from last week

18 Sep '17
A new venture fund has been launched in Russia to...
19 Sep '17
Scientists in St. Petersburg have partnered with...