Russia and Singapore Make Airport Deal in Preparation for Sochi 2014

Russia and Singapore Make Airport Deal in Preparation for Sochi 2014


While this may seem like an unusually large investment for one event it is important to note that Sochi is hosting a few different events in the coming years.  Some of these include the Formula One and the 2018 FIFA World Cup.  This means that the airport will require significant expansion in order to cope with the number of international visitors entering Russia.

One of the biggest mistakes countries make when they are hosting a big event is being unprepared for crowds.  This often leads to long waits, overcrowding and inflated prices.  The fact that Sochi and Singapore are investing so much into this venture is a positive sign.  The total value of assets in this venture will be over $500 million.

The people who are investing into this project have made it clear that they are investors not airport managers.  They will want to see a profit within the next few years.  That being said they have also stated they want a modern, state-of-the-art transportation hub.  The Changi airport group is involved as they have seen the tremendous growth in Russian tourism.  Singapore Changi believe that the Sochi airport will be highly successful in the future.