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In June 2006 the Government of the Russian Federation approved a Federal Target Program “Development of Sochi as an alpine resort (2206-2014)” which served as basis for the Bid of Sochi for hosting 2014 Winter Olympic and Paralympic Games. Reconstruction of Sochi seaport was included in this program and nowadays International Olympic Committee experts pay attention not only to the construction of sport venues, but also to such an important project as reconstruction of Sochi seaport, which includes building necessary shore infrastructure. The project is aimed at creating an international cruise and passenger shipping centre on the Black sea. During the Olympic Games cruise liners are to serve as floating hotels for the visitors of the city.

Building new cruise berths will allow accepting up to 2 high-tonnage cruise vessels at a time. A new state-of-the-art cruise/passenger terminal will be built, and the existing basin will be retrofitted to a yacht marina. Sochi will become one of the most developed seaports on the Black sea.

This project serves a bright example of PPP, where “Commercial seaport of Sochi” JSC is a private investor who builds shopping malls and hotels, office centres and parkings. Building a yacht marina is also a responsibility of Sochi port. Leading Russian and foreign companies are involved into the project. Among them: “Morstroytekhnologii” (Saint-Petersburg, Russia), “Stroyproekt-XXI” (Krasnodar, Russia), “InzhGeo” (Krasnodar, Russia), “Mourjan IGY Marinas” (UAE), “Elkus Manfredi Architects” (USA) and others.

According to the masterplan, actual construction of the public constituent is scheduled for May-June 2010, while the private investor will launch the process in March 2011. The commencement of works is scheduled for March 2013.