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Sochi port renovation project unveiled in Cannes
Russia has come up with an ambitious public and private partnership project at the International Real Estate Market in Cannes. According to the General Director of “Sochi Grand Marine” Konstantin Sakharov, the project provides for an overhaul of the port of Sochi to transform it into a modern passenger and cruise service facility. The Sochi port’s renovation, including the construction of port facilities, a passenger terminal and a number of administrative buildings, is financed from the federal budget and is carried out in the run-up to the 2014 Winter Olympics.
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