Thursday, November 23, 2017

Sverdlovsk region allocates $78 million for tourism development program

The Sverdlovsk region will allocate approximately $78 million for a multi-faceted recreation and tourism development program for Verkhoturye for 2014-2020.

The project will cost an estimated $121 million, the rest of which is to be contributed by private investors, according to Ural Business Consulting.

The program's key focus will be on improving the standards of living for local residents.

A portion of the funds will be used in the renovation and construction of communal housing services infrastructure. The program will provide access to uninterrupted supplies of quality drinking water to 70 percent of the population. It will also provide approximately 10 miles of natural gas pipeline, Ural Business Consulting reports.

A portion of the funding will also go toward the restoration of 26 architecturally important objects. Buildings in the Saint Nicolas Monastery and the Holy Protection Convent will receive restoration as their tourist inflow is expected to increase to 76,000 people per year.