Page 138 - RusRPTJan21

9.1.9 ​Tourism sector news
State Corporation for Domestic Tourism will be created on the basis of North Caucasian projects that have shown their inefficiency.​ Domestic tourism in Russia will be developed by the state corporation under the supervision of Deputy Prime Minister, former general director of Gazprom-Media Holding, Dmitry Chernyshenko, writes Kommersant. The project for budgetary allocations of more than 600bn rubles is being created on the basis of state-owned companies with negative (in the opinion of the Accounts Chamber) performance results.
The fact that in Russia "a structure is being created that will deal exclusively with domestic tourism", Vladimir Putin casually mentioned at a press conference on December 17. Kommersant found out that we are talking about the Tourism Corporation (CT), which will report directly to the government and should start working in 2021.
Chernyshenko, who gained specialized experience as the president of the organizing committee of the 2014 Olympics in Sochi, will take care of KT affairs in the government. The corporation itself will turn out to be a merger of the North Caucasus Resorts JSC (KSK), the North Caucasus Development Corporation (KRSK) and the Visit the Caucasus Foundation.
In the not yet approved national project "Tourism and hospitality industry", RUB629bn rubles of state investments are scheduled until 2030. In addition, KT is expected to participate in public-private partnership projects at the rate of RUB3-4 rubles from business per ruble of budget funds.
KSK JSC and KRSK JSC were established in 2010. KNSC was engaged in attracting investments to the regions of the North Caucasus. KSK has developed tourist clusters "Veduchi" in Chechnya,” Arkhyz" in Karachay-Cherkessia and "Elbrus" in Kabardino-Balkaria.
9.1.12​ Transport sector news
In November, railway volumes stood at 105mnt, down 1% YoY (-1mnt).
The fall was caused by the 10% YoY decline in oil cargos (-2mnt), and 3% YoY slide in metals (-1mnt), mitigated by the 6% YoY growth in building materials and 38% YoY rise in grain (+1mnt each). Despite gondola cargos sliding 1% YoY, and the fleet continuing to grow, increasing supply, gondola lease rates stood unchanged MoM at RUB 750/day (-53% YoY). Given the unbalanced supply-demand situation, we see a risk of rates declining further. Oil tank rates were also unchanged MoM, at RUB 900/day (-12% YoY). The 1% YoY decline in total volumes was worse than the flat dynamics expected by RZD. For
138 ​RUSSIA Country Report​ January 2021 www.intellinews.com