Thursday, August 17, 2017

Yekaterinburg to spend $5.35 billion on 2018 World Cup

Yekaterinburg will need an estimated $5.35 billion in order to prepare for the 2018 World Football Championships.

The figure represents funds that will come from the federal and regional budgets, as well as from private investors, Ural Business Consulting reports.

Sverdlovsk Region authorities presented the sum at a meeting this week about staging World Cup 2018 matches in the city.

The most costly components of the event are the building of the sports and transportation infrastructure, at a cost of $410,000 and $4.08 billion, respectively. Additionally, security will cost $360,000, while medical expenses will cost approximately $130 million. Urban development and improvements will cost $210,000, according to Ural Business Consulting.