Placeholder canvas

Siberia’s ‘bikini ski resort’ to get $130 million for development

Date:

Russia’s most popular ski resort Sheregesh, renowned for its mass bikini skiing events, is set to receive $130 million in investment to turn it into an all-year resort, reports the Siberian Times.

The project for the renovation of the tourist and transport infrastructure of the resort in the Kemerovo Region (2,400 miles east of Moscow) was presented at the 2016 St. Petersburg International Economic Forum in mid-June.

The administration of the Kemerovo Region and the Federal Center of Project Finance are working to attract anchor investors for the initiative.

The creators of the project want to make Sheregesh popular among tourists all year round and bring the level of service up to global standards. High season at the resort high season lasts from October till May, but the complex is currently only 30 percent full in summer.

Private individuals are investing more money in Sheregesh than anchor investors who promise a lot but do little and take a long time.

According to the report,  the resort was pushed into the shade as the state focused its efforts on the 2014 Winter Olympics in Sochi (1,000 miles south of Moscow). Officially, investment in the Krasnaya Polyana Olympic ski cluster and the accompanying rail link totaled $23 billion.

According to the organizers, 1 million tourists visit Sheregesh every year. The majority of them are Russians but there have also been tourists from Germany, Spain, Venezuela and Lithuania.

When the renovation of the cluster is complete in 2021, the authors of the project hope to attract about 1.5 million people per year.

Also Read: Modi reviews performance of ministries

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: KL Rahul and Deepak Hooda’s Fifties Guide LSG To 196/5 Against RR

Lucknow: Half-centuries from KL Rahul and Deepak Hooda propelled...

IPL 2024: Khaleel, Mukesh, Rasikh Salam’s Supercharged Pace Attack Helps DC Seal 10-Run Win Over MI

New Delhi: Rasikh Dar Salam, Mukesh Kumar, and Khaleel...

Vande Bharat Metro Trial Runs To Begin In July 2024

New Delhi: India is set to mark a significant...

Archery World Cup: Jyothi Surekha Seals India’s Fourth Gold Medal, Wins In Women’s Compound Competition

Shanghai: The Indian Asian Games and Asian Archery Championships...