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€1 bln marina replaces old cargo port near €1.5 bln “Putin’s Palace”

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Gelendzhik, Russia (Ports Europe) April 30, 2024 – Construction of the second stage of the 103 billion rubles (1.03 billion euro) Gelendzhik Marina resort cluster in the Tonkiy Mys on the Black Sea, Russia, will start in the summer of 2024. The project is to be completed by 2027, Gelendzhik administration head Alexey Bogodistov said….

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