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
18 May '16 | Technology & innovation
12 May '16 | Technology & innovation
26 Apr '16 | Technology & innovation
 

Feature stories

20 Apr '16
Today we’ll take a brief look at two interesting...
28 Mar '16
22 Mar '16
The MagicAir system is built on special sensors that...
Search (News archive - 20924)
Advertising
ITMO University
Advertising
RVC_VCreport_2015
Advertising
Hi-tech Technopark Association of Russia

Latest News

31 May '16
Russian scientists are reported to have developed a...
30 May '16
A Russian biomed company is developing and planning...
27 May '16
Prime Minister Medvedev yesterday signed a decree...

Most read stories from last week

30 May '16
A Russian biomed company is developing and planning...
31 May '16
Russian scientists are reported to have developed a...