Video ? China ? World ? Entertainment ? Sports ? Lifestyle  
 

Economic impact of Sochi games on nearby towns

0 Comment(s)Print E-mail CNTV, February 12, 2014
Adjust font size:

 

The 22nd Sochi Winter Olympic Games have become the most expensive in history with a price tag of 51 billion US dollars, 7 billion more than China spent on its 2008 summer games. But where was that money spent and will the Olympics help the community after the games end?

Valentina Velikaya has been living in the small village of Akhshtyr her whole life and was excited the games would be built just nearby. Until the realities set in.

"We thought that finally, our men would get to work there. But they didn't hire any locals at all. If you are registered locally, you are out - doesn't matter if you are an engineer or whoever." said Valentina.

All the new construction has also killed their crops and promises from the Sochi Municipal council have not yet been met.

However, voices such as Valentina's have been muted by the extravagant economic costs Russia has put into these games.

President Vladimir Putin announced a budget of 12million usd when Sochi was awarded as Olympic host city back in 2007 - today, that number has increased four fold.

A new state of the art highway and railway was built to connect the coastal and mountain Olympic venues for a cost of 8.7 billion dollars, more than the total cost for the last Winter Olympics in Vancouver.

Many other projects went well over budget with unconfirmed reports saying as much as 30 billion usd went to kickbacks and embezzlement, something the Russian Olympic committee denies.

Yet Sochi organizers expect about 213,000 spectators at the two weeks of games.

Russia's economy grew by only 1.3% in 2013, less than half the 3.4% expansion of 2012.

Russia is also banking on 'consumption' from tourism after the games. With more than 1300 hours of live Olympic television coverage to an expected audience of 1.5 billion people worldwide, Sochi has the potential of being recognized as a holiday destination.

Foreign visitor numbers for the Olympics themselves are already lower than expected as security concerns, expensive hotels and visa hassles are said to have turned many off.

Generating enough income to maintain the facilities after the games end could prove the biggest economic challenge for Russia. Leaving some in Sochi still wondering if this multi billion-dollar show is even worth it.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产精品成人va在线观看| 成年人黄色毛片| 亚洲性无码av在线| 男人j桶进女人p无遮挡免费观看| 国产三级三级三级三级| 国产精品h在线观看| 国产精品成人无码久久久 | 国产一级黄色电影| 麻豆精品密在线观看| 桃子视频观看免费完整| 啊灬啊灬别停啊灬用力啊免费| 91精品国产免费久久久久久青草| 国产精品免费看| 8888四色奇米在线观看不卡 | 两个人日本免费完整版在线观看1| 欧美在线观看第一页| 亚洲精品国精品久久99热一| 韩国三级日本三级美三级 | 久久99精品国产麻豆不卡| 日韩国产成人精品视频| 五月婷婷在线播放| 极品美女丝袜被的网站| 亚洲五月激情综合图片区| 欧美成人免费全部观看在线看| 亚洲精品aaa| 激情艳妇之性事高h| 人妻少妇偷人精品无码| 男生和女生打扑克差差差app| 公和我做好爽添厨房在线观看| 精品欧美同性videosbest| 嘟嘟嘟www在线观看免费高清| 色久悠悠婷婷综合在线亚洲| 国产一区二区三区在线观看视频| 被民工蹂躏的雯雅婷| 国产亚洲欧美在线视频| 野花香高清在线观看视频播放免费| 国产在线步兵一区二区三区| 91香蕉视频黄| 国模吧2021新入口| 东北小彬系列chinese| 成人看片app|