OREANDA-NEWS. March 28, 2012. The Ingosstrakh Insurance Company branch in Sochi insured builder’s risks of the construction of the Sochi International Airport VIP-terminal which is being constructed within the preparation for the XXII Olympic Winter Games. The total sum insured under the contract amounts to 413 mln roubles.

Construction works are executed by the general contractor, SpetsstroyGroup LLC. The construction is insured against all risks, including fire, explosion, lightning stroke, natural disasters, illegal actions of the third parties, damage to the property by falling and collapsing structures, pipelines and networks damage, defects in design and execution of construction and installation works and other risks. The insurance coverage shall be valid during the whole period of contractual works execution.

The Sochi International Airport is one of five leading airports by passenger traffic in Russian domestic airlines. Over 35 airlines perform regular and charter flights from Sochi. The route network of the Airport includes over 50 domestic and foreign directions. Today, the capacity of the Sochi International Airport is 2,500 people per hour. By 2014 this index will increase up to 3,800 people per hour, thus complying with the requirements of the International Olympic Committee.

We would remind you that Ingosstrakh Insurance Company is the Partner and Official Insurer of the XXII Olympic Winter Games and XI Paralympic Winter Games taking place in Sochi in 2014. Ingosstrakh Insurance Company is the partner of the Russian Olympic and Paralympic Committees (until the end of 2016) and the partner of the Russian Olympic and Paralympic teams (of each team for 2012, 2014, and 2016 Olympic Games).