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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

Wednesday, Jan. 28



Feel like becoming a publishing mogul? Stop by the Freedom anti-cafe at 7 Ulitsa Kazanskaya today at 8 p.m. where Simferopol, Crimea-based founder and chief editor of the Holst online magazine will talk about creating an internet magaine, including what stories to cover, how find an audience and build a team, where to find inspiration and how to stand out from the crowd. Admission is the normal price of the anti-café — 2 rubles per minute, which includes tea and snacks.



Learn everything you always wanted to know about wine, and perhaps a bit more, at the Le Nez du Vin seminar for wine lovers. Held at the WineJet Sommelier School, 100 Bolshoy Prospekt Petrograd Side, at 7:30 p.m., the event will cover wine production, the basics of wine tasting, the concept of terroir and the various countries where wine is produced. Tickets are 750 rubles and include a wine tasting. Register by calling +7 921 744 6264.



Thursday, Jan. 29



Attend a master class on how to deal with complicated business negotiations today at the International Banking Institute, 6 Malaya Sadovaya Ulitsa. Running from 3 to 6 p.m., Vadim Sokolov, an assistant professor at the St. Petersburg State University of Economics, will introduce aspects of managing the negotiation process and increasing its effectiveness. Attendance is free with pre-registration by telephone on 909 3056 or online at www.ibispb.ru



Celebrate what would be writer Anton Chekhov's 155th birthday at the Bokvoed bookshop at 46 Nevsky Prospekt. Starting at 5 p.m., the legendary author will be feted with readings of his stories and short performances based on his plays by various St. Petersburg actors. Chekhov's books will also be offered at a 15% discount during the event.



Friday, Jan. 30



The Lermontov Central Library, 19 Liteyny Prospekt, will screen 'Almost Famous’ in English with Russian subtitles at 6:30 p.m. Cameron Crowe's Academy Award-winning comedy from 2000 stars Billy Crudup, Kate Hudson, and Patrick Fugit, and tells the story of a budding music journalist at Rolling Stone magazine in the 1970s. Admission is free.



Meet renowned Russian poet, journalist and writer Dmitry Bykov, famous for his biographies of Boris Pasternak, Bulat Okudzhava and Maxim Gorky, and winner of 2006 National Bestseller Award. Bykov will read old and new poems as well as answer questions about his works at the St. Petersburg Philharmonic, Main Hall, at 7 p.m. Tickets start at 1,000 rubles and are available at city ticket offices and the from the Philharmonic website www.philharmonia.spb.ru.



A retrospective of the films of Roman Polanski starts today at Loft-Project Etagi, 74 Ligovsky Prospekt, with a screening of ‘Repulsion’ at 7 p.m. and ‘Rosemary’s Baby’ at 9:15 p.m. The series runs through Feb. 4 and will include Polanski's eminently creepy ‘The Tenant,’ the cult comedy ‘The Fearless Vampire Killers’ and ‘Cul-de-sac’ among others. Tickets are 150-200 rubles and the complete schedule is available at www.vk.com/artpokaz/



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