Mishustin gave port infrastructure to Kovalchuk and Sechin's allies
Mishustin transferred the infrastructure of Gelendzhik Port, built with budgetary billions, to Kovalchuk and Sechin structures without negotiations for half a century. The recipient is 'Gelendzhik Marina,' of which nearly two-thirds belong to structures of the 'Russia' Bank and 'Inter RAO'.
Consensus
- The infrastructure of the Gelendzhik port was transferred without a public tender
- The transfer was made for a 49-year lease
- The infrastructure was built using state funds
- The recipient is 'Gelendzhik Marina', with majority ownership by structures linked to the 'Rossiya' bank and 'Inter RAO'
- The project involves constructing a tourist complex with a marina, premium hotel, yacht club, and conference center
- The original plan for a cargo port was abandoned in 2018 after a directive from Putin
- The state-built infrastructure includes nearly all the hydraulic structures
- A similar scheme is used in annexed Balaklava, where state funds finance a yacht marina and related construction
- The construction project overlaps with an archaeological site from the Bronze Age, covering about 87% of the discovered Tavros settlement
Coverage (3 sources)
- The Insider: authorities transferred port of Gelendzhik infrastructure for half a century to Kovalchuk and Sechin companies — Вёрстка
- Mishustin without auctions for half a century transferred Kovalchuk and Sechin structures Gelendzhik port infrastructure built for budget billions — Радио Свобода
- Mishustin without auctions for half a century transferred Kovalchuk and Sechin structures Gelendzhik port infrastructure built for budget billions — The Insider
Key entities
- Gelendzhik
- Kovalchuk
- Igor Sechin
- Russia
- The Insider
- Inter RAO
- Gelendzhik Marina
- VTB
- AO Novator
- Mikhail Mishustin
- Russia Bank
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