The International Olympic Committee (IOC) Evaluation Commission was told during its inspection of Sochi’s bid for the 2014 Winter Olympic Games that all infrastructure development is guaranteed by the Russian Government.
A Federal Target Programme (FTP) has been created that will guarantee $12 billion of investment by the federal government. The FTP provides for the development and funding for all venues, environmental, transport, technology, accommodation and other essential projects for the 2014 Games.
Under the FTP a range of new facilities and infrastructure will be created including sports and entertainment facilities, transport infrastructure and equipment, accommodation projects, upgrade and installation of telecom infrastructure adequate to support the long-term needs of the region and Games technology, environmental programs to protect the “spectacular” beauty of the region and set standards for environmentally-friendly development, power and water projects, sewage and waste management systems, educational and social programs and medical facilities.
Sochi 2014 says the FTP provides guarantees to the IOC that Sochi can deliver its programs and concept on time and on budget. Under the program the city will receive important infrastructure upgrades making it possible to not only host the 2014 Olympic and Paralympic Winter Games but create a legacy that will endure for generations to come.
During its visit to Sochi the Evaluation Commission has toured several Sochi 2014 sites and has seen new developments already underway or completed, including the new gondola ski-lift to Psekakho Ridge, the proposed site of the Biathlon, Cross Country Skiing and Nordic Combined Olympic Events; and the international terminal at Sochi International Airport.
