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 /  English

Development of Tourist Infrastructure on Asafovy Gori [Asafovy Mountains] islands, Volga River

Short overview
Region
City/town
Yuryevets
Project description
The project envisions a tourist complex in the basin of the Gorkovskoye water reservoir opposite the ancient town of Yuryevets. It will offer bungalow-type mini hotels, leisure and entertainment zones, public catering facilities, and a dock for small vessels.  
The project will boost the influx of tourists while meeting the demand for such services from the local population in the neighboring communities.
The unique situation of the Asafovy Gori islands will facilitate successful implementation of the project and development of the tourist industry in the Ivanovo region.
Unique features of the project
The site allotted for construction is in the basin of the Gorkovskoye water reservoir (opposite the town of Yuryevets 3 km), which is part of Russia's largest navigable waterway. The ancient Russian town of Yuryevets with its multitude of historic and cultural landmarks, the Andrei Tarkovsky Museum, and the annual Andrei Tarkovsky festival are a magnet for crowds of tourists.
Estimated cost of the investment project (Euros)
3 888 889
Borrowed resources (%)
100
Availability of design estimates (yes or no)
no
Company name
Department for Economic Development and Trade in the Ivanovo Region
E-mail
005@gov37.ivanovo.ru
Web-site
Type of the project
Hotels and recreation. Culture
Detail overview
GENERAL INFORMATION
Region
Company name
Department for Economic Development and Trade in the Ivanovo Region
Municipality, City, District
Yuryevets Municipal District, water area of Gorky reservoir (3 km opposite to Yuryevets city)
Brief positioning of project
The project offers creation of a tourist complex including mini-hotels of bungalow type, recreation and entertainment areas, public catering facilities, small vessel moorage sites on water area of Gorky reservoir, opposite to the ancient city of Yuryevets. Project implementation will allow to increase the tourist traffic and meet the demand for similar services from the population of neighboring districts. The unique location of Asafovy Gory islands will contribute to successful project implementation and development of the tourist branch in Ivanovo Region.
PLOT
Site TYPE
Unoccupied land
Enterprise (organization) name owner name
Department of Economic Development and Trade of Ivanovo Region
Legal address
37 Sovetskaya St., Yuryevets 155450
Telephone
+7 (4932) 30-89-66; +7 (4932) 32-73-48
e-mail
005@gov37.ivanovo.ru
Contact Person (Full name)
Komissarov, Yury Borisovich
Office
Deputy Head of Yuryevets Municipal District
Telephone
(49337) 2-18-87
contact persons e-mail
37t02502@37.fci.ru
Registered address of the site
Yuryevets Municipal District, water area of Gorky reservoir, 3 km from Yuryevets
Area
65 ha
Property category of land and buildings
freehold
Extension options
no
LOCATION
Nearest Industry and/or infrastructure objects
Water area of Gorky reservoir (a major navigable waterway), federal importance route
Prom: Distance to them (km)
within Gorky reservoir
Adjacent objects
within Gorky reservoir
Adjacent residential buildings
Yuryevets, 3 km
Restrictions
no
Remoteness
Center of the constituent subject
150 km to Ivanovo
Nearest Millionaire City
Moscow
millionaire city distance km
450
Municipality education building
Yuryevets
municipality distance, km
3
Highways
Ivanovo Yuryevets
highways distance, km
3
Railways
Kineshma railway station
railways distance, km
50
Airports
Ivanovo-Yuzhny, Ivanovo
airports distance km
150
River ports, landing stages
Kineshma river port
river ports, landing stages distance, km
55
Sea ports
Novorossiysk port
sea ports distance km
2000
FACILITIES
Number of structures
8 identical structures are planned to erect as per the design
OWN TRANSPORT FACILITIES
Communication type (motorway)
no
Communication type (railway branch)
no
Communication type (port, landing stage)
yes
Communication type (post/telecommunications
yes
Suggestions for site use
Construction of a tourist facility with organization of a beach area and water entertainment area
Additional information on site
Yuryevets is one of the oldest cities of Ivanovo Region included as an ancient city into the list of historical cities of Russia. Unique natural landscapes and wide rivers attract fans of active rest, fishing and hunting. Asafovy Gory islands are the most promising site for construction of tourist facilities. Currently, construction of a yacht club with filling station for small and medium vessels is underway in Yuryevets. A ski lift is being erected in the city center for mounting skiing fans. All this will considerably increase the tourist traffic and ensur profitability of the planned project.
BUILDING
Commercial development, total
15000
Commercial development, Hotels, sq. m
12000
Commercial development, Retail, sq. m
1000
Commercial development, Entertainment, sq. m
3000
PROJECT INVESTMENT COSTS
Comment
Project business plan and comprehensive site development design have been prepared.
Comment
The issue is under consideration
Comment
The issue is under consideration
Comment
The issue is under consideration
Comment
The issue is under consideration
Comment
The issue is under consideration
Expert examination of design and estimate document
no
Execution of construction and assembly works
no
Supervision of construction and assembly works
no
Financial consultants services
no
Repayment of interest on credit
no
Project costs (office services, sales, salaries)
no
Current project status
Design and estimate documentation is under development; all land plot documents are executed
ECONOMIC INDICATORS
Indicator
Project price is 160 million rubles
Revenue from sales of areas (RUR, millions)
270 million rubles
Accumulated cash-glow for shareholders (RUR, Milli
270 million rubles
Discount rate, %
13%
Borrowed resources (%)
100
NPV (RUR, millions)
0,62
Payback time, years
5.3 years
Discounted payback time, years
6 years
IRR , %
19%

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