Thursday, August 17, 2017

World Expo 2020 to cost up to $2.5 billion

Local authorities in the Urals estimate that it will cost up to $2.5 billion to prepare the city of Yekaterinburg for the World Expo 2020 should it be selected to host the event.

Event organizers plan to develop more than 1,200 acres of land for the international fair, making it the second largest after Expo 2010 in Shanghai. Aside from the costs associated with land development and construction of exhibition pavilions, hundreds of millions of dollars will be needed to erect Expo City, Expo village, an Expo Museum and Expo arena, according to RT.com.

The International Exhibitions Bureau is expected to announce World Expo 2020's host during its November general assembly meeting in Paris. Four other cities remain in consideration for hosting duties include Izmir, Turkey; Ayutthaya, Thailand; Dubai, United Arab Emirates; and Sao Paolo, Brazil.

A recent poll of Yekaterinburg residents shows that approximately 94 percent of the city's locals are aware of the city's bid to host World Expo 2020 and 78 percent of residents are in favor of the idea, RT.com reports.