just one hundred thirty days time from now and today actually we have the olympic torch lit in athens it will make its way to russia for the longest a relay in history make you see just behind me there's been a complete transformation of the sochi essence the elim pace was and now so just behind me on the ride we've got the stadiums themselves and really the infrastructure this is going it is incredible eighty five percent of the region has we totally revamped built from scratch i'm talking roads route ways tunnels gas pipelines you name it and luckily for russia there's an abundance of russian billionaires that are willing to foot the bill and all the way get to witness any loses in the games and so they cross or pretty much definitely gets the prize for expenditure having already splashed out fifty billion dollars over the fifty billion dollars and that's around about four times over budget so how does manage to blow the budget is such a spectacular fashion that one example is the cost of the risky job that what from

thirty seven million it to over two hundred fifty million dollars actually resulted in a man getting the psyche got pushed over the mountain as a result of that one and it's not just thought she though it's been a complete budget a bailout there's been plenty of other examples as well that most notably the suez canal that was twenty times over budget was followed by the sydney opera house as well and i went down to see if i could track down some of these are such investors to see they found getting some money back. you know right here with me on the card in secret just behind me but the fact is they told nobody they're going to be here and i don't want that any time soon as they do with investing into science if i want to why i'm going to set up camp here and i'm going to wait for them and see if they ever will appear. now i did manage to track down

one of the big money spent his parents only got a pass his company basic they built all sorts of things including the olympic village is so good at an airport built by them as well as a marina to pretty much haul for the complex gang on hand i managed to catch up with the deputy general director of the company in a us to all they going to be able to make any money on these investments i came doing right now but i enjoy ellison from basic element out we're going to be talking just now about your project here we know we've got the olympic village that we're now working through i've been working on the airport refurbishing it as well as the marina to a total cost of one point four billion dollars i believe are you going to get your money back unless of course we will you know we'd be doing the poor for a long time you know we've been involved in different infrastructure projects and this one is very special you know and of course it's very special because it has the skill and angle the projects were doing which is an airport olympic village and

the marina you know they're not just commercial projects per se they also have this social in olympic angle it's kind of a p.p.p. type projects you know the public private partnership thing where the government is helping us a lot with different structure you know for example in the seaport you know we have invested over six billion rubles which is roughly two hundred million dollars into the project however the government also have have invested almost squired some of the same amount of money in order to build the infrastructure support for that and if they return doesn't come argument's sake do you think there's going to be some punishment that he's going to beat. you know i don't think it's another blaming game you know we we're not looking for anyone to blame if we turn doesn't come from the government wants to see that investors do complete the obligation and you see.

here you know you know the olympic village you know this nice building is already standing ready to you know except a few of the first guests for the olympic games the port is there so i think when the government says the investors have completed the obligations they will be very willing to you know make a step forward from beer side and support some subsidies so special programs or support sold it to investors get their money back ok guys we're now insufficient territory we're going to go and see the elliptic village room see with the world famous athletes going to be saying gold medalists like you same bolt for a period privileged people that's going to take out first of all this is going to be a bedroom for a nice date nice double predicate a gold do a spread there right will soon hit ok kids' bedrooms sorry nice indeed nice toys and cuddly isn't bowls and all sorts as well as we have gone and all face admin you got to be doing it on the right who are just at the view as well check out the

lounge and see what's really happening there in the social we're going to be relaxing we're going to be times when we go through a huge so you for right k.l. with a plasma television we've got candles as well look at this with some some nice wine don't mind if i ask help myself just hit so as i say this is where the athletes who we say bought the ball over marie people like myself my accommodation will no doubt be far more water to spend our. now for those of you who don't have a gold medalist a budget and you can come hits this one job you can pick out a couple of wine for just forty rewards which is about thirty cents on this one specially basket and well fourteen roubles that's not going to bring your bag balances it's. obvious why it's going to build off a bit of an appetite so let's get us over may's ok skulk a specific one hundred fifty variables so that's around five dollars there for just

a bit mate lovely. so we're now in a taxi it's around a ten minute journey says find out how much that's going to stall cost. around. dollars for a taxi ride around ten minutes time. this is my room it's an average a three star and that's going to set you back around one hundred twenty us dollars that price will double come february during the games as you can see is quite basic but she's pretty cozy and i said i spoke to the head of the radisson blu hotels he's also in charge of the paul ince as well my sister was going to happen to sort she would all the athletes go home will the city become a boss who is a summation all of the. you have all the infrastructure in. you to modern in many ways and from fabulous venue where growth. can be. now how do you sell it. and that's where you need.

to think. this cannot be done by the individual. because they're competing against . the best the nation have to be sold through a convention and tour of europe. what about when it comes to say visas and take. those to getting people to come to sochi because you know. for example moscow sort. which is now more expensive ofen going to paris or london. the other thing is of course visa but that is more for the because the potential pool of foreign tourism is that too. big off the road. but sochi remains to be domestic destination what kind of person is going to come to such a is it going to be say the call center yes. and.

you know do the russian middle class is becoming very very known because it's grown dramatically over the last ten years. so to have four. hundred. forty million nation. now when you when you count household some sixty percent are considered to be in the middle of. the meaning medium. income to the family of some twenty over twenty thousand dollars. so the market is there and. it has already brad as a destination. and he doesn't need to worry about money is so so because he's got ten thousand u.s. dollars to let's take him at the head causes of all skin see what he's been up to show you in positive territory. well before we get into the portfolio at all i

have to say that you're not allowed to leave moscow any more when you were just st petersburg it became cold rainy and gross here now you've gone to sochi and the weather is probably wonderful there but here it's too cold but let's get to the portfolio this is what you really want to know about last week we talked about the potage wars and euro kelly and i have fallen victim to the said the potage wars in fact i got involved because it was rallying it showed some promise it looked like it was on an upswing with lots of. movement happening here china even getting involved but now i touched it and that seems to be the touch of death it went down one percent so this week not doing very well down overall one hundred twenty three dollars for the week the entire budget basically or my entire portfolio is down from nine thousand three hundred forty dollars of the original ten thousand i need to do something to make this happen now you're and you're talking about the olympics i'm inspired the thing about sochi is that you know the weather's great

it's a good location what about investing in tourism unfortunately i can't do that can i i'm going to look into companies that are like possibly helping out the sochi venture in this case i haven't gotten involved in the financials yet so i'm going all in this week we're moving in despair about because they've invested billions in the infrastructure in sochi so i kind of feel like i'll be doing my part in helping the olympics in the movement there and trying to make a little bit money back because look down i need to get above that ten thousand because otherwise what else we could all right so you keep saving up and you have moolah enough money to calm here she added do it be it sounds so when it comes to the sochi olympics yes there's been out abundance of activity fail is most notably it has to be that has made it greece is. that i cannot make a challenge for the house because some successes as well as have staked out but

also one of the sort it's all too early to say why sochi is going to stay in two and if this sadness and now you don't want i'm off to go and see if i can seek out some other jobs. comment i want to. pick up something that is quite simply a mess. was no way oh. clearly they were just at the wrong place at the wrong time. and sold to the u.s. so turned over to the u.s. for. the sole that could be buried alive. was saved with great

effort. and they wanted to turn me into a terrorist so it was they wanted me to admit that i was a member of al qaeda or taliban but i fought with them. not about time i didn't even know what al qaeda is nevertheless there are people. brave enough to start a fight. something's going to be done that's going to be done by me in the span of a short amount of time to do it but it's going to impact me i'd be prosecuted but it's going to impact. the wife my daughter. the one time a trap. on our t.v. . and your whole show come on that was the basic policies i tried to.

play to have you with us here on our team today i'm sure. this is artie's weekly news review welcome back to the. russian soyuz rocket successfully carried three new crew members to the international space station this week alongside the usual scientific duties they also have a unique mission to complete as artie's paul scott reports now. on board are two russian cosmonauts by the names of all a culture of he's the commander and surrogate resigns along with american astronauts michael hopkins now culture has been to space before in two thousand and

seven and two thousand and nine but for reasons can hawking's this is their very first time meaning that it is a relatively inexperienced crew was done both are going to be carrying out the usual right of scientific and medical experiments because the two of the crew members on board are indeed doctors but this is like mission with a different job because redundancy and culture of i can become the first people in history to carry the olympic torch into open spaces all part of the olympic relay that's going to see the torch travel around russia or ahead of the winter olympics in sochi in february now of course the torch will be alight when it's taken on a space walk for the very same torch will then be used during the opening ceremonies of those winter games in sochi on february the seventh so it really is a mission with a difference but we are seconds away our expedition thirty seven is about to head towards the international space station and.

the problem of the return to the community in the wake of the lightning. a truly remarkable story on the likely was the time in history but among white rock is going to take what is known as the director of the quecreek doing in the national college. meaning. the crew will dog with the r.s.x. beginning next week going to half month on board the international space station which is gone three. years now and with the successful launch of expedition thirty

seven it seems that the good work of the ira is set to continue for some time yet. the news now is mists from the movement of attack to kenyan towns on the border with somalia killing at least three people the same group was responsible for the attack on a nairobi mall last saturday which left sixty people dead militants say attacks will continue until kenyan troops withdraw from somalia. as a keyway the editor of the pan-african news wire says the incident may cause kenya to rethink its military activities in neighboring countries there's going to be. a more vigorous political debate inside of kenya itself around their involvement in somalia which has been going on now for nearly two years this is a occupation that was inherited by the current government of president who are. and of course it was started largely at the aegis.