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Olympics
In June 2006, IOC president Jacques Rogge announced that Sochi had been selected as a finalist city to host the 2014 Winter Olympics. On July 4, 2007, Sochi was announced as the host of the 2014 Winter Olympics, defeating Salzburg, Austria and PyeongChang, South Korea.
The Russian government has committed to a $12 billion investment package, shared 60-40 between the government and private sector.
Environmental organisation Greenpeace has objected to Sochi being a candidate, because, according to Greenpeace, several of the planned sport resorts are located in natural reserves.
This will be Russia's first time hosting the winter Olympic Games and second time hosting an Olympic Games (1980 in Moscow when Russia was part of the Soviet Union).
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article http://en.wikipedia.org/wiki/Sochi.
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