Kozak Extends 2 Sochi Olympic Tenders

Olimpstroi on Monday extended deadlines on tenders for the construction of two sports centers planned for the 2014 Olympic Games in Sochi because private investors have expressed interest in financing them, Deputy Prime Minister Dmitry Kozak said.

"There are several investors that expressed interest in these objects, so the decision on choosing a contractor has been pushed back," said a spokesman for Kozak who declined to be identified. He did not reveal the names of the potential investors.

Olimpstroi has previously pushed back deadlines on various Olympic projects because of a lack of interest from investors, and the government has ended up footing the bill for many of the sports structures.

Deadlines have been extended for a 12,000-seat ice center for figure skating and short-track races, priced at about 6.5 billion rubles ($188 million), and a small ice arena for hockey events, costing about 4.3 billion rubles. Both were expected to be built with state funding.

The tenders' deadline has been extended by one month, until March 16.

Kozak was appointed to coordinate Olympic preparations in October. In November, he said the complete lineup of investors and projected costs would be ready by spring of this year.