How Russia's richest businessmen participated in the preparation for the Olympic Games

Billionaires actively invested in the Olympic games and executed state contracts, but faced the same organizational problems, as all the rest participants of the "construction project of the century". 
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Even before it began, the Olympics in Sochi gave the Russians a lot of memorable moments. That the Minister of Economic Development German Gref in the summer of 2007, jumping in Guatemala, hugging skater Evgeni Plushenko - Russian application won! And here he is, but as head of Sberbank ruefully examining jumps in Krasnaya Polyana, who had to quickly finish building of a businessman Ahmed Bilalova that remained before the Olympics year. Here in 2009, the same Bilalov appointed Vice President of the Olympic Committee, but in 2013, escaped from Russia in Baden-Baden, he also said that in Moscow he tried to poison mercury. That autumn of 2007, Vladimir Putin appoints the president of "Transneft" Simeon Weinstock lead the State Corporation "Olympstroy", but just six months later without batting an eye sends him into retirement. There was a lot of comical: the first in the history of the Olympic Games mascot triple - white teddy bear, the snow leopard and the hare; Zippo lighter in the hands of a resourceful officer FSO, from which lights extinguished the Olympic torch; that's the same torch on the lake bottom and in space; Sochi Mayor Anatoly Pakhomov, trying to repaint all the roofs in thkind in the red; resettlement of frogs from the Imereti lowland.

Winter Olympic Games in Sochi was started as a large-scale macroeconomic event. The government had to make the best management team and implement a successful investment project with the involvement of private capital. All this is not really happened. Cost of the project has increased five-fold - from $ 12 billion (314 billion rubles) to $ 50 billion (1.5 trillion rubles).

The organizational structure was fragile: State Corporation "Olympstroy" does not fit into the bureaucratic system and turned into one of the many agencies that grant the money, but suspended from decision-making. At the Olympic construction was unprecedented for the Russian bureaucracy leapfrog "Olimpstroy" headed by the fourth president of the Sochi mayor directs the third, replaced by several specialized deputies minister. Each came with a new team, so the layoffs at the grassroots level continued.

With funding model also namudrili. The basic mechanism - loans of Vnesheconombank - did not bring any happiness to private investors, or gStates countries. Of the 20 Olympic granted VEB loans for 240 billion rubles were troubled nine to 190 billion. As a result, VEB write a letter to the government about the need to recapitalize, and investors are asked to restructure loans and increase the horizon of payback from seven to 40 years.

In Sochi construction somehow took 10 business part of the list of 200 richest businessmen Forbes Russia. To these we add two alternate members of the Olympic team of Oleg Shishova Rudyak and Alexandra, who have mastered the tens of billions of rubles. The main beneficiary of the building - a sparring partner of Putin's judo Arkady Rotenberg, his companies have mastered 235 billion rubles, or one sixth of all investments in the Olympics. Only six members of the list, Forbes took a chance at the Olympics with their money. Vladimir Potanin, an enthusiast and one of the authors of the idea of ​​holding the Games in Sochi, invested in it $ 700 million of their money (a total of $ 2.5 billion), said in an interview of Forbes, why the construction of the century did not become a Klondike for investors.

Externally Sochi changed. This can be seen especially in the number of hotels and apartments: in ImeretiaCoy lowland they are a solid wall. Number of rooms during the preparation for the Olympics has grown from 5,000 to nearly 55 000. Forbes analyzed how the real estate market has changed in Sochi, Did someone already make it, and who has become the largest city of rentiers (read this story in a fresh issue of the magazine and website in February).

Olympics - it is not only enormous waste, but also good wages. The organizing committee earned sponsorship and licensing contracts of about $ 2 billion, of which most of the public have provided sponsors. But there are also smaller companies that are trying to cash in on the Olympic symbols. This soft toys manufacturers, aluminum spoons and even cat food.

According to the government plan, the Olympics was to give impetus to the development of the economy not only of Krasnodar region, but throughout Russia.
Rate it difficult to effect in the country-wide, and the gross regional product grew three times - from 546 billion rubles in 2007 to 1.5 trillion rubles in 2013 (Russia's GDP has doubled). But after 2014 Krasnodar region will face serious tests. The decline is expected in almost all indicatorspits: the volume of investments will be reduced by 42%, to 570 billion rubles, while the volume stroypodryada - by 36%, to 300 billion rubles. From 2014 to 2016 the number of employees will decline and profits of enterprises.
Will the Sochi and Krasnodar Krai safely away from megastroyki?

Already discussed the possibility to establish regional preferential treatment for investors, and to the city to transfer gaming zone. In the meantime, there will hold the G8 summit and the stage of "Formula 1".