Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The FIFA World Cup Will Cost Russia a Fortune
22.07.2011 13:44
The FIFA World Cup Will Cost Russia a Fortune

The cost of holding the 2018 FIFA Championship is estimated at 632bln RUB - almost 4 times more than the initial forecast predicted.


It should be noted that this gigantic figure includes all of the spending areas. The larger part (241bln) is assigned to roadworks: more roads are to be built, and others are to be reconstructed. This is followed by the building and/or reconstruction of football stadiums (123bln). 75bln RUB is assigned to the media and communication support, and another 46bln will go to provide the training and living facilities to the participants and the public.


The World Cup is planned to be held at 16 stadiums in 14 different cities across Russia, including Yekaterinburg, St. Petersburg, Kazan, Volgograd, Podolsk, Moscow, and a few more. The numbers, however, may scale down to 12 stadiums in  12 cities, as per intructions from FIFA.


Speaking of expenses, the head of the Ministry of Sport Tourism, Vitaly Mutko, underlined that only 299bln RUB were to be designated from the state budget. Still, this is twice as much as was initially predicted (140bln).


The Prime Minister Vladimir Putin, commenting last December on holding the World Cup in Russia, suggested that money would also come from the pockets of the famous Russian sport-savvy tycoons, like Roman Abramovich. At present, it is already expected that the regional powers and private investors will help finance the 2018 FIFA World Cup.


The 2014 Olympic Games' expenditure is currently estimated at 900bln RUB. One cannot help wondering how these expenses correlate with the notorious lack of state funds to pay salaries and pensions, for which Russia came to be known in the recent years. The hope is evidently that, it is not possible to get without giving. And since sport is one of the main articles that attracts a lot of interest and funding, it is understandable that Russia plans to capitalise on both the 2014 Sochi Olympics and the 2018 World Cup.



Author: Julia Shuvalova

Tags: Russian business Russian economy Russian tourism   

Next Previous

You might also find interesting:

Small Businesses will Get Interest-free Loans from Banks
Research: Russians Do not Believe the Recommendations of Famous People
25% of Russian Companies are on the Verge of Bankruptcy
Gazprom and Roskosmos to Expand Cooperation on Satellite Systems
TikTok will Host Official Business Webinars in Russia

Find great Halloween costumes for all ages and sizes
comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Buguruslan  Russian singers  Festivals in Moscow  media  Irkutsk Region  Russian Poets  Ryazan  2018 World Cup  Architecture of St. Petersburg  A3 Gallery  Russian destinations  Exhibition Fairs  Transneft  Russian drinks  Classical Music  Russia Travel Tips  letter   Russian Film Distribution  Sukharev Tower  Central House of Artist  Moscow restaurants  Nagatinsk  Archeological Tribes  Kirov Region  Moscow  Mercedes-Benz Fashion Week Russia  Russian Cinema  Festivals in Kazan  International Cinema  Institute of Economic Analysis  St. Petersburg  Ethnocultural Tourism  modern pirats  Alexey Navalny  Russian sports  Russian tourism  Kremlin  Fashion and Style in Photography  Russian regions  Kezenoi Am   Exhibitions in Moscow  Russian media  travel to Russia  Russian oil companies  Bashkiria  Pskov Region  Sayansk  oil to China  Russian business  buy Russian designers 

Travel Blogs
Top Traveling Sites