OREANDA-NEWS. August 02, 2011. Project of a unique office building for the XXII Winter Olympic Games’ Organizing Committee and the XI Para-Olympic Games of 2014 in Sochi, which is being built by a developer subdivision of ITERA International Group of Companies, passed successfully the public ecological hearings and received positive conclusions by the State Ecological Expertise and the State Expertise of Project Documentation. Large-scale application of state-of-the-art technologies and equipment shall allow the Project for an award of BREEAM, an international ecological certificate, reported the press-centre of ITERA.

The building Complex of Sochi-2014 Organizing Committee is located at the territory of the Olympic Park in the Imereti Plain. The Complex is to meet all standards of "green" construction based on safety standards and the impact of the building on the environment. Three side wings of the Office Complex with a total area of 43 thousand square meters reconcile architectural novations, innovative equipment and construction materials, an optimal energy saving system and the use of natural sources of energy. Roofing of a nine-story-building opens a view to the Olympic Games’ sites and as well as the area neighboring the building shall be fit with leisure zones in an exclusive landscaping.

The ITERA Group plan is to commission the facility in late 2012. OJSC Concern MonArch is a general contractor and designer of the Project worth over USD 130 million.

About BREEAM standards. A method of assessing buildings’ ecological efficiency, BREEAM (BRE Environmental Assessment Method), developed by BRE Global, a British company, in 1990, was the first International Green Certification System. The BREEАM System is an example of a successful concept.  It efficiently implements protection of environment from technological impact by means of satisfying interests of all market participants without applying international or local law as a punitory device. Over 114 000 buildings have been certified so far, while about 740 000 buildings are currently under the BREEAM certification process.

ITERA International Group of Companies is a vertically integrated holding company, which is one among the larger independent producers and sellers of natural gas in Russia. The Company includes 150 enterprises and companies in CIS countries, the Baltic States, Western Europe, Asia, Africa and the USA.

The ITERA International Group of Companies’ developer business is represented by large construction facilities. Among those are: a big-scale Minsk-City Project, where about 3 million square meters of housing and commercial real estate and a business center with a first skyscraper in the capital city of Belarus are being constructed at a territory of 318 hectares; Pavlovy Ozera (Pavel Lakes); a housing development in the Moscow Region; an Office Building for the Organizing Committee of the Olympic Games and Para-Olympic Games of 2014 in Sochi; a hotel complex in Avaza, a national tourist zone in Turkmenistan and other projects. The Company has put into operation two hippodrome complexes in Turkmenistan (with an area of about 50 hectares each).