21:00, 11 April 2009

Olympic construction in Sochi lacks 3 billion roubles

According to Valery Zhukov, head of Department of Highways of the Krasnodar Territory, Sochi still lacks 3 billion roubles to start building the traffic intersections, which are parts of the construction programme of Olympic objects and development of the city as a mountain-climate resort.

"In 2009, we are ready to start only two crossings out of four in the plan," Mr Zhukov has noted. "Today we have 1.4 billion roubles from the federal budget and 400 million roubles from the territorial one. Prior to start we need to buy out the land, for which we need 4.78 billion for four crossings."

The RBC Agency reports with the reference to the head of the Department that this year they plan to build traffic intersections named "Makarenko", "Vertodrom", "Detour of Sochi City (Thermal Power Plant)" and the multilevel crossing of Gagarina and Donskaya Streets.

Valery Zhukov has emphasized that in 2009 they will probably start only two objects - "Detour of Sochi City (TPP)" and "Makarenko", as the "Newsru.com" reports.