Source Pravda.Ru

Hosting EXPO-2010 can cost Russia $10 billion

If Moscow is chosen to host the international industrial exhibition Expo-2010, the total volume of necessary investments will equal about $10 billion, according to the Russian economic development and trade ministry. The governments of Russia and Moscow are ready to allocate $1 billion each, while the rest of the funds will be collected from investors' contributions, said one of the ministry's leaders Yuri Zhdanov.

The results of the competition for hosting the exhibition will be announced on December 2-3 in Monaco. Russia's main rivals and China and South Korea.

If Moscow wins, the organizers will carry out "large-scale works" on the territory of the present All-Russian Exhibition Centre in the eastern part of the city to create "an absolutely unique exhibition object," the Russian deputy minister said

Comments
Russian PM threatens not to go to World Economic Forum in Davos
Russian PM threatens not to go to World Economic Forum in Davos
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely
Russian scientists develop technology to create HIV resistant human embryos
Russia rips its economy apart with help from the West
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Moving inexorably towards war
Russia rips its economy apart with help from the West
Austria will not ruin its friendship with Russia despite spy scandal
World War I: Remembering the fallen, and the war criminals
Norwegians complain of demoralised NATO soldiers
Russia rips its economy apart with help from the West
MP suggests replacing Lenin's mummy with rubber figure
Austria will not ruin its friendship with Russia despite spy scandal
Russia rips its economy apart with help from the West
Russia unveils nuclear-powered interstellar spaceship
Russia rips its economy apart with help from the West
NATO to build prestrike staging base in Georgia