Source Pravda.Ru

Russia spends over $11 billion on 2018 World Cup

Russia has spent more than 680 billion rubles ($11.6 billion) to host the 2018 FIFA World Cup, consulting company JLL said.

According to the latest available assessment of the organizing committee, the final expenditure in April 2018 amounted to 683 billion rubles. The final costs exceeded the amount that planned to be spent in 2013 by 19 billion rubles.

According to JLL, most of the funds - 437.8 billion rubles (71%) - was allocated from the state budget. The bulk of the investment accounted for sports facilities that totalled Russia 265 billion rubles.

On average, every stadium received the investment of 20.3 billion rubles. For the 2018 World Cup,  12 stadiums in 11 cities and 95 training grounds were built and repaired, the company said.

The costs for transport infrastructure amounted to 228 billion rubles. In particular, the Platov airport in Rostov-on-Don was built from scratch, while 12 air hubs in other cities were expanded. Twenty railway stations and stations were modernised and reconstructed, said JLL.

Also read: What do foreign tourists say about Russia when visiting 2018 FIFA World Cup?

Comments
NATO to strike Russia through Suwalki Corridor
Russia to abandon the US dollar at common people's expense
Russia to abandon the US dollar at common people's expense
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
On the verge of war: NATO tries to take over former Soviet states
Russia considers pulling out from Council of Europe
South Korean President finds DPRK people eating sturgeon at fancy restaurants
NATO to strike Russia through Suwalki Corridor
Sexual abstinence more harmful to women
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
International Peace Day: We demand Peace!
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
Kremlin reacts to Russian model poisoning in Salisbury
Former GRU officer exposes two Russian Salisbury spies
Chief of Russian National Guards threatens to make juicy meat chop out of Aleksei Navalny
Chief of Russian National Guards threatens to make juicy meat chop out of Aleksei Navalny
Sexual abstinence more harmful to women