July 4 - Factbox on the Russian city of Sochi, which was awarded the 2014 Winter Games at an International Olympic Committee vote in Guatemala on Wednesday:

CITY

The resort is located some 1,500 km south of Moscow on the eastern shores of the Black Sea.

Population: 400,000

Krasnodar region: 5.1 million

Average temperature: Downtown Sochi's moderate climate allows for mild winters with average low temperatures for February just above freezing mark at 2 degrees Celsius and high at 10. It has proposed to hold the Games between February 7 to 23.

Games bid leader: Dmitry Chernyshenko (CEO of Sochi 2014 Bid Committee)

CONCEPT

Sochi proposed a concept based around an ice cluster, which takes the form of an Olympic park some 25 km outside the city centre, and a mountain snow zone 49 km away in the Krasnaya Polyana mountain zone, containing all snow and sliding venues.

Russia, a winter sports powerhouse which has never hosted the Winter Olympics, is hoping the Games will leave behind newly constructed state-of-the-art facilities to turn the Black Sea resort into the country's main winter sports hub.

The Games will also lead to the modernisation of the region with the creation of new infrastructure in rail, road, telecommunications, energy and accommodation, which will transform Sochi into a year-round tourism destination.

VENUES

With Sochi essentially having to build all 11 venues (four existing venues need extensive reconstruction and the IOC considers them as being rebuilt from scratch) it has chosen to create two main self-contained clusters, one on the Black Sea and in the mountains.

The Olympic Park, located next to the Olympic village, will contain all ice competitions and training venues, the International Broadcasting Centre and the Main Press Centre, the Olympic Stadium and the Medals Plaza.

The mountain cluster has a separate village, the snow and sliding venues at a maximum drive of 16 minutes from each other.

FINANCE

Budget of $1.517 billion for both the 2014 Olympic and Paralympic Winter Games based on 2006 cost estimates. The government has pledged to cover any economic shortfall of organisers.

The government had already earmarked $12 billion to develop sports and tourism in the Sochi region irrespective of whether the city won the Games.