5 Aug '09
Surgut-based developer Osnovnye Tekhnologii Eksperimentalnogo Stroitelstva (OTES) is to build a $27.4m resort complex in Krasnodar region, Interfax reports.
The resort, to be named Kubanskaya Raduga (Kuban Rainbow), is reportedly to be located near Fontalovskaya village at Taman Bay at the Black Sea.
Under the project, the complex is to have its own embankment, SPAs, sports facilities and other infrastructure.
Timeframes for the project have yet to be disclosed.