VEB.RF, partners to create 80 bln rbl mountain resort in Sochi
MOSCOW, Apr 8 (PRIME) -- VEB.RF, Interros and Vasta Discovery will establish a year-round mountain resort Vasta Valley in Sochi with investments of about 80 billion rubles, VEB.RF said in a statement Thursday.
"State development corporation VEB.RF, Interros, company Vasta Discovery have signed a cooperation agreement to fulfill a year-round mountain resort Vasta Valley project in Sochi. The total amount of investments is estimated at about 80 billion rubles," VEB.RF said.
VEB.RF is considering syndicated financing of the project.
(77.7730 – U.S. $1)