Rus News Journal

For investors wait in mountains

At Interros Vladimir Potanin building on Elbrus a mounting skiing resort in cost about $1 mlrd, there will be neighbours. The authorities Kabardino - Balkarii plan to involve $1,3 mlrd private investments (about $350 million allocates the state budget) for creation in Prielbruse four more new tourist zones. Even now in the absence of a necessary infrastructure attendance of slopes of the North Caucasus exceeds tourist`s streams of the untwisted Red Glade: 30 - 50 thousand tourists annually against 25 - 30 thousand
that in Prielbruse there will be four new tourist zones, has told the president of republic Arsene Kanokov. Cost of projects is estimated in 42 mlrd rbl. (about $1,6 mlrd). Building of a resort zone " becomes the largest; Elbrus with 11 trasami in the extent of 24,14 km, seven lifts throughput of 13,4 thousand persons at an o`clock, new hotels and camp sites on 3,24 thousand places. Chiperazau and Jusengi where will be in total laid 51 line (about 84 km) and hotels almost on 12,55 thousand places is planned to construct similar complexes in Tcheget. The private companies with which negotiations are now carried on, will be engaged in building of hotel real estate, mister Kanokov has added, without naming names of potential investors.

the representative of the Moscow office Austrian Doppelmayer (the manufacturer of mountain lifts) says that the company can become not only the supplier of mountain-skiing technics for new resort zones in Prielbruse, but also plans to enclose 11 mlrd rbl. in complex building in Tcheget. In administration Kabardino - Balkarii do not exclude that as investors on creation of mountain-skiing complexes in republic large Russian businessmen will act. So, one year ago head Interros Vladimir Potanin has declared that intends to construct in area Dzhyly - the Sou on severo - east slope of Elbrus a mounting skiing resort in cost about $1 mlrd (see from June, 13th, 2007).

Mister Kanokov hopes that crisis of liquidity which was felt even by the large Russian companies, will not be reflected in mood of the investors interested in building of resort zones in Prielbruse. partially investment loading will be incurred by the state: it will finance building of an infrastructure within the limits of FTSP the South of Russia 2008 - 2012 - head Kabardino - Balkarii has added. As he said, the most part from 8,7 mlrd the rbl., allocated to republic within the limits of FTSP, will go on creation of tourist zones. The time of recovery of outlay of such projects makes not less than six - seven years, the general director " marks; MT Development Alexander Timofeev.

Even in the absence of the developed infrastructure slopes of Elbrus are in great demand among the Russian tourists, tour operators mark. Now in Prielbruse 12 km of rope-ways and 35 km of mountain-skiing lines operate. By estimations of participants of the market, annually Prielbruse visit 30 - 50 thousand tourists, and the tourist`s stream increases every year by 20 %. resort Development brakes shortage of hotels and poor quality of an infrastructure - the commercial director of a network of travel agencies " speaks; the Tour Vladimir Dubinin. The representative of the Russian union of the tourist`s industry Irina Tyurin is assured that in case of realisation of the declared plans mounting skiing resorts of Kabardino - Balkarii will make a serious competition to the Red Glade in Sochi and will draw the big percent of a tourist`s stream. According to tourist association the Red Glade the annual tourist`s stream on with the same name ski a resort makes 25 - 30 thousand persons.