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May 22, 2006 (newstodate): Russian airport at Sochi, at the Black Sea, is to privatised and be transformed into a joint-stock company within six months.
Probably to be sold in 2007, Sochi Airport will retain state participation in a minority position, sources say.
The run-down airport is estimated to require investments between USD50 and 60 mio to attain modern operational performance.
Probably to be sold in 2007, Sochi Airport will retain state participation in a minority position, sources say.
The run-down airport is estimated to require investments between USD50 and 60 mio to attain modern operational performance.