WC-18 to cost Russia about RUB 300bn.

By bne IntelliNews December 6, 2010
Russia is going to hold the soccer FIFA World Cup in 2018 and total cost of infrastructure and stadiums for the event is estimated at about RUB 300bn (about USD 10bn) by PM Vladimir Putin. He noted that the cost of holding the WC is comparable to that held in South Africa. WC is going to be held in 13 cites, all in the European part of Russia and the budget of construction and reconstruction submitted by Russia to FIFA was USD 3.82bn. Meanwhile, Putin made it clear that business involvement in financing WC-18 is expected, naming Russian tycoon and Chelsea FC owner Roman Abramovich as one of the people who has enough money to participate in building the infrastructure needed.

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Dismiss