MOSCOW, October 27 (RIA Novosti) - The International...
Jacques Rogge told journalists three years have already passed since the decision was taken to hold the 2014 Winter Olympics in Russia"s Black Sea resort of Sochi, and the ISO was satisfied with the progress made in preparations for the games.
The statement followed after the International Olympic Committee signed in Moscow a new sponsorship deal with the Visa payment network, extending their current partnership until 2020.
Russian Deputy Prime Minister Dmitry Kozak said in his turn that all Olympic facilities in Sochi would be ready in time.
"We have no grounds for pessimism or fears that something will not be done in time," he said, adding all preparations are expected to be completed long before the games.
In September, Russia"s Ministry of Regional Development said more than 1 trillion rubles ($34.1 billion) would be spent between 2009 and 2012 on the preparations for the 2014 Winter Olympic Games in Sochi.