In Dagestan it is planned to allocate 1.6 billion rubles for the project on expansion of the tourist and recreational complex "Kaspiy", the Regional Agency for Entrepreneurship and Investments reports. The project is implemented by Kaspiy LLC mainly from its own funds on the territory of the existing sanatorium.

The investor plans to build additional buildings and recreational facilities.

"Currently, more than 800 million rubles have been invested in the project. We had already built a hotel building with 43 rooms and 90 beds, three two-storey cottages with 29 rooms and 58 beds, a dining room with 320 seats and a wave pool with sea water. A five-storey building with 80 rooms and 160 beds is currently being built as part of the project. The project also includes the construction of treatment facilities” – the company representative says.