Bid Book » Book2 » Olympic Village » Financing The Construction Of The Olympic Village
The Moscow City Government will finance the preparatory phase preceding construction of the Village. When the project is passed to a private investor, he will be required to provide to the City Government guarantees regarding for 100% financing of the Village The investor will be also required to assume full responsibility for complying with the technical and environmental requirements.
The temporary works to prepare the Village for the Olympic Games will be financed by the Moscow OCOG.
A guarantee confirming the commitment of the Moscow City Government to finance the preliminary phase as well as to attract the required investor and ensure he fully meets his financial obligations for construction of the Village has been obtained.