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NEW PROJECTS

FEDERATION ISLAND PROJECT OF TERRITORY DEVELOPMENT IN THE WATERS OF THE BLACK SEA, SOCHI

LOCATION

The resort is planned to be located in the Black sea waters opposite Maly Akhun mountain in Khosta region, Sochi, 13 kilometers away from Adler airport and 14 kilometers from the central railway station. Two tunnels directing traffic streams of M-27 highway and Novorossiyskoe highway, a footbridge and a port station providing navigation will connect the islands with the mainland.

The archipelago is planned to be 2.5 km long, 1.5 km wide, with a distance of 150 meters from the coastline. In order to keep sea currents, the island will be crossed by the rivers from top downwards. In the South breakwaters will protect the island from storms.

Locating the island close to Sochi provides a unique mild subtropical climate for the future resort.

Nearby there are mountains covered with perpetual snows, and at their foot and in a lower wide seaside valley there are green gardens and parks, tea and citrus crop plantations all year round. Mountain chains protect the resort from the cold winds from the North, and the Black sea heated in summer gives up its heat in winter increasing the average air temperature. 

PROJECT CHARACTERISTICS

The total area of Federation Island will amount to more than 250 hectares where more than 40,000 guests can be accommodated.

The location is in the Black sea waters opposite Maly Akhun mountain in Khosta region, Sochi, 13 kilometers away from Adler airport and 14 kilometers from the central railway station.

Two tunnels directing traffic streams of M-27 highway and Novorossiyskoe highway, a footbridge and a port station providing navigation will connect the islands with the mainland.

The artificial land protected with breakwaters will have hotels, apartments, villas, shopping centers, business and entertainment complexes as well as social infrastructure objects. All the main roads and parkings will be located underground that will allow to create a unique aboveland grass-green landscape with low-rise buildings and walkways.

The island territory will include the following functional areas:

  • Recreational part (hotels, parks and walking areas, sport sites, swimming pools, marinas for yachts);
  • Residential part (villas, apartments, trading and service objects, restaurants and shops);
  • Public and business part (business complexes, congress center, exhibition hall);
  • Social amenities (school, kindergarten, polyclinics with an ambulance department, first-aid points, firefighting brigade, police station). The project implementation will be completed in 2013 and reclaimed territory will amount to more than 250 hectares.
Main Parameters
The area of the main island > 250 hectares
Planned archipelago length 2.5 km
Planned archipelago width 1.5 km
Distance between the island and mainland  From 150 m
Total area of residential properties and apartments  2,081 thousand m2
Total area of hotel facilities 100 thousand m 2
Total area of public housing  157 thousand m 2
Total area of all buildings and facilities  3 mln. m2
Number of jobs for construction period  15,000
Number of jobs after construction completion  Min. 29,000

    BENEFITS

    Federation Island will become a symbol of renewal and economic prosperity of new Russia. Its realization will provide Sochi with innovative town-planning, infrastructure and operational solutions which will significantly raise the status of the city as a unique tourist center.

    Federation Island will have capacity to host more than 40 000 guests, whose demands were earlier met only at international resorts. Touristic infrastructure of such a high level will attach to Sochi a status of a year-round international resort.

    Construction of two fourth-generation marinas will make it possible to accept up to 900 yachts of different classes which will turn city into a full-rate seaside resort. Among the important advantages of the project realization for the region are increase of investments into the region, improvement of environment and seacoast protection, construction of new beaches and piers for yachts and vessels.

    Additional flows of tourists will both considerably increase budget receipts and provide thousands of workplaces, contributing to development of region economy in total.

    Moreover, Federation Island is the only project today that both increases a number of tourists and considerably alleviates existing Sochi infrastructure.

    PROJECT HISTORY

    Presentation of Federation Island project took place at International Investment Forum in Sochi, September 2008. There Vladimir Putin, President of the Russian Federation, and members of Russian government got acquainted with the project and assessed it as one of the most grand projects. The Forum resulted in signing of the trilateral agreement of Federation Island project realization among Krasnodarsky Krai administration, ZAO M-INDUSTRY (project initiator and organizer) and project investor - Allied Business Consultants financial company (United Arab Emirates). As it is indicated in the Agreement, investments will contribute to development of region production forces, creation of new workplaces and improvement of recreational infrastructure.

    In October 2008 the Federation Island project was presented in the United Arab Emirates at the international real estate investment exhibition Cityscape-2008. Representatives of more than 120 countries of the world, participating in the exhibition, visited and estimated the Federation Island model very high.

    At the International real estate exhibition (MIPIM) held in Cannes (France) in March 2008 the project was approved by Dmitriy Kozak ,the Head of the RF Regional Development Ministry and Elvira Nabiullina, the Head of the Ministry of Economic Development and Trade. As the Head of the Regional Development Ministry stated, the project requires serious attitude and active development. Besides, Dmitriy Kozak promised to supervise the Federation Island project realization personally.

    CONTACTS

    "Federation Island" Management Company
    49 A pr. Nepokorennykh,
    Saint-Petersburg, Russia, 195220
    tel./fax: +7 (812) 703 50 77
    e-mail: info@federationisland.ru

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    2008 M-INDUSTRY Group
    Ul. Laboratornaya 15, b.2, lit. B, Saint-Petersburg, 195197,
    Russian Federation
    Tel./Fax: +7 812 336 93 04