Krasnodar, 5 March. The Omega Centre has reportedly paid off the credits taken for the construction of Olympic facilities in Sochi.
Now the company will be able to better develop its tourism branch of activity. The Omega has settled all loan liabilities and preserved its hotel room stock.
The Omega Centre, whose only shareholder is the Krasnodar regional administration, had built hotels for 9,300 rooms, the roofed skating rink “Adler Arena,” and administrative buildings of the Olympic Park in Sochi before the 2014 Winter Olympics. Later the company was involved in the construction of F1 course facilities.
Mr. Galas was quoted as explaining that the aggregate volume of fi - nancing of those mega-projects had reached 77 billion roubles, part of which were bank credits. In order to pay off the debt, the Omega had for several years been repaying 80% of its proceeds to the bank. The credit had been taken under the regional state warranty. As on January 1, 2020, its residue was 5.7 billion roubles. Due to the early repayment of the credit, the region’s warranty liabilities were also terminated ahead of schedule.
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