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MOSCOW, April 12 (R-Sport) - Road-building for the 2014 Winter Olympics in Sochi is three-quarters complete with less than a year to go until the opening ceremony, the head of the state firm responsible for the work said Friday.
Nearly $4.9 billion is being spent on expanding and modernizing Sochi's road network for Russia's first Winter Games, which start February 7.
Roman Starovoyt, the head of government infrastructure company Rosavtodor, said Friday the work that began not long after Russia won the right to host the Games in 2007 was 77 percent complete.
The company's two biggest projects are the coast-to-mountain highway linking the two clusters of sports facilities, and a coast-hugging freeway connecting the city of Sochi with the Olympic Park.
By Games time, the city will have acquired 41.6 kilometers of new federal highways.
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One of the main achievements of the 6th BRICS Summit was the signing of an official document on establishing a New Development Bank with a declared capital of $100 billion. The creation of the bank is an important step towards institutionalizing BRICS and strengthening its positions in the world in the long run.