Russians Launch $21B Infrastructure Program Ahead Of 2018 FIFA World Cup
The Russian government will pay 664.1B rubles ($20.9B) on stadium construction and infrastructure improvements for the 2018 FIFA World Cup. The infrastructure program consists of some 292 facilities and events essential for holding the 2018 tournament. This includes 12 stadiums, 113 training sites, 62 hotels, 11 airports, communal and transport infrastructure necessary for FIFA World Cup, and electricity, IT and communications infrastructure. Development of the program has been undertaken by the Russian Ministry of Sport. The overall cost of the preparation program for Russia 2018 will total 664.1B rubles ($20.9B). Just more than half of this sum -- 336.2B rubles ($10.4B) (50.6%) -- will be provided through funding from the federal budget. Eighty-six point two billion rubles ($2.6B) have already been factored into the federal budget and current federal programs and a further 250B rubles ($7.7B) will be added to federal programs and the federal budget (FIFA).