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Olympic Contractor to Fold Over Sochi Construction Cost Disputes

Published: March 17, 2014 (Issue # 1801)



  • Inzhtransstroi built 14 large-scale sites for the Winter Games.
    Photo: Inzhtransstroi Official Website

A top building contractor for the Sochi Olympics will fold after several lawsuits were brought against it by clients who accuse the company of inflating construction costs, the contractor has said.

Inzhtransstroi will begin liquidation because of "serious disagreements with the customers about the cost of the objects that have been built in Sochi," director Yefim Basin told employees on Thursday, the company said in an online statement.

Related: Navalny Publishes Sochi Corruption Report

The disputes resulted in "numerous lawsuits against the corporation," which made it impossible to continue operating, the statement said.

Inzhtransstroi built 14 large-scale sites for the Winter Games, including the Main Media Center in the Olympic Park, a road from Krasnaya Polyana to the mountain cluster, and facilities at the Sochi sea port, the company said.

Next month, the Moscow Arbitration Court is scheduled to review a suit by a state-owned port operator, Rosmorport, which is seeking a 782 million rubles ($21.4 million) from the building contractor, legal news portal RAPSI reported.

Related: Putin Denies Sochi Olympics Corruption

Preparations for the Games have cost Russia about $50 billion. Opposition politicians Boris Nemtsov and Leonid Martynyuk estimated in a report last spring that between $25 billion and $30 billion of this money had been stolen in Sochi.





 


ALL ABOUT TOWN

Thursday, Aug. 28


Learn more about the citys upcoming municipal elections during the presentation of the project Road Map for the Municipal Elections being presented this evening in the conference hall on the third floor of Biblioteka at 21 Nevsky Prospekt. Steve Kaddins, a coordinator for Beautiful St. Petersburg, which gives residents an online forum to lodge complaints about infrastructure problems in the city, will be on hand to answer any questions. The meeting starts at 7 p.m. and is open to all.



Friday, Aug. 29


Park Pobedy will feature the sights and sounds of the world outside of Russia during the Open Art International Festival today. Taste foreign cuisine, learn how to make tea like the Chinese or relax in a hammock during the free event. Although entrance is free, you must register beforehand if you wish to attend.



Saturday, Aug. 30


Break out the tweed and channel your inner Englishman during the English Hunt Picnic this afternoon organized by the Bagmut stables from Krasny Bor in the Leningrad Oblast. Equestrian stunts, English archery and classic hunting fashion will all be available to visitors hoping to live like the characters in Downton Abbey if only for a day. Tickets for the event cost 7,900 rubles ($219.40).


Bookworms will have their chance to swap out well-read classics for something new for their bookshelves at Knigovorot, a free book exchange that will be held in the Yusupov Garden on Sadovaya Ulitsa today. Come for the chance to get a new book or take the opportunity to discuss the literary merits of your favorite authors with fellow fans.



Sunday, Aug. 31


The Neva Delta International Blues Festival wraps up this afternoon on Vasilevsky Island with a concert featuring not only some of Russias best blues bands but international stars as well. Admission is free for all three days of the festival, which begins on Aug. 29, and the shows starting at 5 p.m. each day.



Monday, Sept. 1


Today marks the beginning of Lermontov-Fest, a fall festival celebrating the life of one of Russias most remarkable poets who, in a fate eerily similar to Pushkins, was killed in a duel at the age of 26. Organized by the Lermontov Library System, the next several months will see art exhibitions, concerts and public lectures focusing on the Lermontovs short yet prolific career. Check the Lermontov Library Systems website for more details.



Tuesday, Sept. 2


Join expats and practice your Russian during the Russian Clubs weekly meetings every Tuesday night at 7:30 p.m. The club is free to participate in although you need to be a registered member of Couchsurfing.



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