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. Last Updated: 07/27/2016

Strabag Positive on Sochi

VIENNA — Builder Strabag has become more optimistic about its chances of work on projects related to the 2014 Winter Olympics in the southern Russian city of Sochi, board member Thomas Birtel said Wednesday.

Birtel told the Reuters Central European Investment Summit that after a recent trip to Sochi, he was now aiming at projects with a total volume of up to 1 billion euros ($1.46 billion), including the Olympic village and the Olympic media center.

"There will be some first class Russian banks in a position to finance such projects for the Olympics," Birtel said. "I am more optimistic than before that this could turn out to be a business opportunity for us again."