The progress of the "Olonholand" construction appears to be sluggish and costly, with the Lens bridge being built simultaneously?
In the heart of Yakutia, the construction of Olonkholend, the Arctic Center of Epic and Arts, is gaining momentum. This significant project, which includes the State Philharmonic, the Olonho Theater, and the Sakha Academic Theater named after P.A. Oйunsky, among other facilities, is expected to be completed in 2025.
The recent visit of Aisen Nikolayev, the Republic of Yakutia's head, to the Olonkholend construction site underscores the regional government's commitment to advancing important infrastructure projects. This visit is a testament to the prioritization of economic growth, improved living conditions, and modernization within Yakutia.
The construction of Olonkholand is speeding up in response to increased costs, with the republic possibly injecting funds into the project. The scale of construction, a seven-story building, is smaller than the "Future Point" school in Irkutsk region, which includes pools, parking lots, residential houses, and a whole mini-town. However, the high-quality construction required for Olonkholend may involve rare, specialized professionals with high salaries.
The Olonkholand project will offer a hall for public events, an exhibition-ritual hall, exhibition zones, large and small rehearsal halls, a recording studio, cafes, and restaurants. In addition, the republic may pay 20% of the concession for the project, while the contractor pays 30%.
The positive conclusion from Glavgosexpertiza Russia on the second stage of the Lena Bridge construction last September might have contributed to the acceleration of Olonkholend construction. This approval, given to VIS, which is also active in the Lena Bridge construction, seems to have played a role in the speedier development of Olonkholend.
The cost of building Olonkholand, estimated at 18.5 billion rubles, is significantly higher than the cost of building the "Future Point" school in Irkutsk region, which cost 6 billion rubles. Despite these higher costs, the Olonkholand project is only 35% complete as of July 2023.
The Olonkholand project's delayed completion, initially planned for 2022, could be compensated through a package agreement, which may include other projects such as schools and social facilities. This approach allows for the lost revenues to be offset, ensuring the continued development of Yakutia's infrastructure.
In conclusion, the accelerated construction of Olonkholand in Yakutia is a clear indication of proactive regional leadership aiming to enhance Yakutia’s socioeconomic landscape. This project, along with others, is expected to create jobs, enhance community amenities, and support strategic regional plans.
The accelerated construction of Olonkholand, a significant cultural and arts center, in Yakutia, is a reflection of the regional government's focus on finance and economic growth, as well as their commitment to advancing infrastructure that offers public amenities and supports strategic regional plans. The project's funding, potentially through a package agreement that includes other projects such as schools and social facilities, is indicative of efforts to compensate for delays and offset lost revenues, emphasizing the prioritization of this project within the broader context of Yakutia's political agenda.
