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2008 March 17   10:06

Over $6 bln to be invested into Russkiy Island development before the APEC Summit

The amount of investments to development of the Russkiy Island, Far East, where the main events of the APEC Summit 2012 will be held, comes to over 6 billion dollars, Nikolai ASHLAPOV, the Head of Rosstroy Department on Construction of Summit Objects, stressed, RIA Novosti informs.   

"We intend to invest 1,958 billion dollars into the construction and reconstruction of the roads, 825 million dollars into Vladivostok infrastructure development, 487 million dollars into development of sea facade, and 375 million dollars into improvement of Vladivostok airport," he noted at the conference held in the framework of the international exhibition of real estate MIPIM-2008.

According to Mr. ASHLAPOV, 4.07 billion dollars will be allotted from the Federal budget, 13 million dollars - at the expense of Territory budget, and 1.5 billion dollars from non-budget funds.

He also told that in the framework of preparation for the summit two Federal highways (50 and 45 kilometers each) are to be built in Vladivostok and the Russkiy Island, and 43 kilometers of local roads in the Russkiy Island.

"Besides, when developing the sea facade of Vladivostok we intend to build a mooring for passenger vessels of "Grand Princess" class, a VIP mooring, and six cargo moorings," Nikolai ASHLAPOV informed.

According to him, there also will be an oceanarium, an opera and ballet house worth 102 million dollars, a conference center worth 379 million dollars, a medical center worth 209 million dollars, and a press center in the RusskiyIsland.

"10, 5 thousand of hotel accommodations are expected to be built in the Russkiy Island before the APEC Summit," he added.

Mr. ASHLAPOV noted that currently 254 hectares of land are reserved for building in the social and business zone, 150 hectares - in the zone of business center, and 110 hectares - in the oceanarium zone. 450 hectares are reserved for building in the gambling area, which can be built near the zone of APEC Summit-2012 in the Russkiy Island.

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