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Tourist complexes in Medvezhyegorsky district
The project proponent: the Ministry for Economic development of the Republic of Karelia
Chief executive: Mihail Nikolaevich Yurinov
Address: 185028 the Republic of Karelia, Petrozavodsk, Andropov St., 2; telephone (8142) 79-23-00, fax (8142) 78-10-39, E-mail: economy@karelia.ru
Contact person: Vladimir Viktorovich Gromov, telephone (8142) 79-23-26
The goal of the project: Construction of tourist complexes within apportioned and agreed land plots in old Karelian villages of Tipinitsy and Kondoberezhskaya on the bank of Onega Lake, 20 and 4 km correspondingly far from Velikaya Guba settlement.
Project description: The project is a part of the Tourist Karelia complex investment project. Main types of tourism foreseen in the project are water and sport activities, heritage (world-wide known Kizhi open-air museum is situated in the proximity), and rural tourism.
Tourists are to be transferred to the complexes by coaches or by water.
Tourist complex in Tipinitsy can receive 100 (120) people (by 2 plots), in Kondoberezhskaya – 50 (60) (cottages can house 5-6 people).
Duration of stay can account for 3-5 days. All year round exploitation is possible.
Availability of resources and infrastructure for implementation of the project:
Construction of tourist complexes will need conducting significant engineering works over:
- construction of engineering infrastructure (including, construction of diesel electricity generating plants)
- sluicing and land use engineering
- building of embankments, quays, mooring berths and beaches
- building of road diversion of Medvezhyegorsk – Velikaya Guba republican road.
Project readiness stage: feasibility study; rough design has been worked out within the General Scheme of placement of tourist objects and infrastructure in the Republic of Karelia.
Total amount of investments - 245 million RUR
Sources of financing - own and attracted funds
Project implementation period - 2 years from the start of implementation
Desired conditions of investment attraction - participating interest
Basic indicators of economic efficiency of the investment project
Accounting period – 204 months, 9% discount
NPV – 450 million RUR
Discounted payback period – 129 months
IRR = 11.6%
PI=1.3
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