Financing for skiing resort in Russia's Kuban region approved

The financing of the “Sober-Bash” ski resort project in the Seversky region of Russia's Krasnodar Territory has been approved, reports Rosbalt.
The project will cost about 4 million euro. Raiffeisen Landesbank AG and the Austrian company Wintertechnik will finance it, reported the Kuban Administration's press office.
The foundation stone ceremony will take place on Tuesday during the visit of the president of Raffeisen Landesbank AG, Ludwig Scharinger.
By 2020 the government plans to build five skiing resorts in the Northern Caucasus and two new airports. The biggest resort will be Mamison (South Ossetia) with 300km of tracks and Arkhyz with a 278km slope.