Olympstroy, state corporation responsible for coordination of the Olympic construction in Sochi, could not attract investors for some of the Olympic venues. The tender’s deadline was August 8, but there were no proposals for four projects, including the ice arenas.

The Olympstroys’ tender projects are tandems of Olympic venue plus hotel(s). Lenta.ru quoting Pokrov Invetment Group’s President saying that pay-off period for hotels can be from eighth years and more, while for the sports venues from 12 years to never. By his calculations sport venue + hotel tandem could take more than 20 years to pay-off.

Meanwhile, officials are not surprised about the outcome. The press secretary of the Ministry of Regional Development said that ice arenas in many countries are not paying off and are built on governments’ funds. However, the administration had to try to find private funds for these venues.

Now there will be separate tenders for the hotels, while Olympstroy will finance the venue constructions, and run separate tenders for prime contractors for the venues construction.

Information from Lenta.ru and Kommersant.ru

Own a business or have money to invest? You can help Sochi to get things done on time! :)

There are two places I know where you can find information about Olympics-related tenders. One is the official website of the Sochi Organizing Committee for the Olympic Games, and the other one is the website of the state corporation “Olympstroy”.

And these are not only tenders for construction of the Olympic venues for the Sochi Olympic Games, but also for smaller stuff, like supplying construction equipment, autos, office supplies and equipment, providing services like financial audits and technical expertise for various events, etc.

The trick with the Organizing Committee for OG is to monitor both Russian- and English-language versions of the websites. French-language version of the website doesn’t have any information on official tenders. Most tenders are published in the Russian section (of course in Russian language), and fewer are on English (in English). Looks like it depends on the tender where each one goes. Right now there are five open tenders in the Russian section.

The Russian section also lists several high-level open vacancies open in the Organizing Committee. I assume this means that the candidate has to be fluent in Russian. The English section’s “vacancies” section is empty for now.

Sochi Olympic tenders from the Sochi Organizing Committee for the Olympic Games:
- Russian language
- English language

The state corporation “Olympstroy” opened redesigned website about a week ago, and also lists all tenders there Read the rest of this entry »

* Sochi mayor Viktor Kolodyazhny resigns to become head of «Olympstroy» corporation owned by state which will control all Olympic related construction in Sochi, and, of course, the money flow. You can read more on this in The Moscow Times. The acting mayor for now will be Vladimir Afanasenkov — Vice Governor of Krasnodarsky Krai. He too was previously involved in Sochi’s Olympic bid.

* Russia launches Olympic brand protection campaign:

“Sochi 2014 Organising Committee and Russian authorities today began the first ever mass intellectual property protection campaign to safeguard the Olympic brand in Russia.