More than $21bn to be spent under preparation for the 2018 FIFA World Cup

In the next five years at least RUB 664bn ($21bn) will be spent from the federal and regional coffers as well as by private investors under preparation for the 2018 FIFA World Cup. Initially, officials of host cities submitted projects to be developed under preparation for the tournament with a total value of about RUB 1,390bn ($43bn).
Half of this amount is to be provided by the Government of the Russian Federation and one third by private investors. It should be mentioned that this value does not cover investment in the construction of stadiums in Kazan, Sochi and Spartak Stadium (Otkritie Arena) in Moscow. Furthermore, it only includes a minor share of transport infrastructure construction projects that are to be implemented in host cities by mid-2018.

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