Contractors interested in getting involved in the development planned for Russia’s 2014 Sochi Olympic and Paralympic Winter Games should get in touch with UK Department of Trade and Investment (UKTI), which is organising a trade mission to Russia later this summer

The Russian government has allocated $10bn to develop venues and infrastructure in the Krasnodar region for 2014, a total that is likely to rise with private investment in hotels, offices and retail centres.

British company JCB has already sealed a multi-million pound deal to provide plant to Russian civil engineering contractor MOST, which is delivering transport infrastructure at the Olympic site, but UKTI believes there are further opportunities.

The trade mission follows the signing of a Host2Host partnership agreement between the UK and Russia to develop the economic and sustainability legacies of the London and Sochi Games by sharing market intelligence and forging links between specialists.

‘Global sporting events constitute a multi-billion pound opportunity for business,’ said trade minister Lord Davies. ‘UK companies that helped deliver the Beijing Games won £2bn of business, from consulting engineers on the Bird’s Nest to suppliers of emergency power and temporary kitchens.’