OREANDA-NEWS. On June 09, 2007 President of Kabardino-Balkaria Republic Arsen Kanokov and Vladimir Potanin, head of the Interros company signed a memorandum on cooperation in tourism sphere, reported the press-centre of  Interros.

The cooperation of the two parties will be aimed at creation of favorable conditions for investment to this region of the Russian Federation.

The unique nature of the Elbrus region together with the Republic’s reputation of a traditional place for winter holidays are the major requisites for the creation of an all-season world-class resort.

The parties have agreed to carry out an elaborated technical analysis of the north-eastern Elbrus slope in order to explore the possibilities to build a ski resort with ski pistes of different difficulty levels. The second stage will comprise drafting the feasibility study of a modern skiing resort with a hotel network and an entertainment infrastructure, ski schools, as well as all the necessary recreational facilities.

Interros intends to invite leading modern skiing resorts design companies to draft a master-plan.
"Creation of the tourism infrastructure is a natural fields for private-state partnership in our country. The construction of complexes and implementation of modern technologies of the sports recreation is what business should be doing. However the creation of a transportation, power and public utilities infrastructure for sports and tourist resorts is the domain for local and regional authorities investments. We think that with a well-coordinated team-work the creation of modern world-class resorts is quite feasible. Besides Interros has a similar experience with Rosa Khutor resort located in Krasnaya Poliana", said Vladimir Potanin.