Construction of the first projects within the Free Port has begun in Kamchatka

17.11.2016 15:34:31 (GMT+12)

Construction of the first projects within the Free Port has begun in Kamchatka
Realization of the first two projects within the Free Port regime has begun in Kamchatka. Investors are going to build modern hotel and develop ethnographic village in the center of Petropavlovsk-Kamchatsky.

Within the realization of two projects, investors are going to invest 900 million rubles into developing of the kray. Declared amount of investments into construction of hotel facilities is 650 million rubles and into developing of tourist place with folk village is about 260 million rubles.

Project of hotel facilities includes construction of 9-floor hotel building for 140 rooms. There will be a sport center with 25-meter swimming pool and a concert hall for 500 places for inhabitants and tourists of the town. Construction is planned to be finished in 2018.

Project of developing cultural and tourist place – folk village – includes building complex with food court, entertainments and informative centers.

The Free Port implies tax remission, simplified customs process and other beneficial terms for business.