Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Sochi Ice Palace Comes as Free Gift from Metals Giant
14.02.2013 09:04
Sochi Ice Palace Comes as Free Gift from Metals Giant
Photo Credit:

The Ural Mining and Metallurgical Company decided to hand over the ice palace it built for the 2014 Sochi Olympics to the state.

The facility worth $100 million will become state property reportedly due to the high transportation costs. 

Initially, it was planned to move the Shaiba ice palace to one of the Russian regions after the Winter Olympics are over. But since the costs of the re-location could run as high as $20 million, the investor thought it would be cheaper to offer this generous gesture.

The Ural Mining and Metallurgical Company is controlled by Iskandar Makhmudov, with just about a 50 percent stake, and Andrey Kozitsyn, owning 35 percent.

Author: Mikhail Vesely

Tags: 2014 Winter Olympics Sochi Ural Mining and Metallurgical Company   

Next Previous

You might also find interesting:

Sberbank and the California Accelerator 500 Startups Started to Accept Applications
Russian and China are Launching a Joint Scientific and Technology Innovation Fund
SME in Moscow Received over 27.7 Billion Rubles of Loans with State Guarantee Support in 2018
Sberbank and Group will Create a Joint Venture
The Russian Startup StartRocket Plans to Create an Advertising Billboard in Near-earth Orbit

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Travel  Russian Musicals  Moscow events  Russian regions  Russian ministries  Tatyana Tolstaya  Festivals in Moscow  invest  Russian political parties  Painting  Leo Tolstoy  Rosa Khutor  Moscow Spring  We demand peace  Mercedes-Benz Fashion Week Russia  Sberbank  Russian Antiquity  Republican Party of Russia  Boris Yefimov  music  electronic books  Alexander Gradsky  Moscow monuments  Russian business  incident  Yuri Gagarin  Vilegodsky Flax  Irkutsk  St. Petersburg  Old Russian Icon Painting  Russian tourism  Moscow airports  Krasnaya Gorka Fort  travel to Russia  Tula  Pskov Region  Arkhangelsk  children adoption  Pavel Chukhray  Motor race  Russian Cinema  Book Tickets for Concerts  meldonium  police  Fashion Futurum  Russian media  Festivals in St. Petersburg  Filigree  Moscow  Exhibitions in Moscow 

Travel Blogs
Top Traveling Sites