Russia’s ski resort needs $1.6bln to become top-class Olympic destinationFebruary 11, 2012 - 12:56 AMT PanARMENIAN.Net - Rosa Khutor in Russia’s Sochi may be a fully fledged World Cup ski venue, but the resort still needs $1.6 billion in upgrades to turn it into an and top-class destination, billionaire owner Vladimir Potanin said Saturday, Feb 11. The mountains above Sochi, where the 2014 Winter Games will be held, are hosting a stage of the FIS Alpine Skiing World Cup this weekend, the biggest test yet of their capacity to hold mass international competition. Potanin, president of the Interros holding that is building Rosa Khutor - the location for all the Alpine skiing events, said the size of the resort must more than double ahead of the Olympics.Only one-quarter of its $2.2 billion budget has been spent so far, Potanin said. “This money has gone toward the small town at the foot of the mountain, the gondolas and all the related infrastructure,” he said. Four more hotels will be added to the resort's existing two, ten more ski lifts will raise the total to 18, and 40 kilometers of ski runs will become 80 by 2014, Potanin said, RIA Novosti reported. Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |