Russia Spending $19.5 Billion for 2018 FIFA World Cup

Rio de Janeiro, July 14: Russia plans to spend about $19.5 billion for the 2018 World Cup and the majority of the money will be used for expenses related to the construction of stadiums and infrastructure 12 11-host cities and so on.

2018 FIFA World Cup

2018 FIFA World Cup

 

The host city is Kaliningrad, Kazan, Moscow, Nizhny Novgorod, Rostov-on-Don, St. Petersburg, Samara, Saransk, Sochi, Volgograd and Yekaterinburg.

RT television reported that half of the budget will come from federal funds while the other half will come from the investment. The road network infrastructure projects, roads and construction of the modern city’s stadiums.

President Vladimir Putin said that Russia will waive visa regime in 2018 FIFA World Cup participants and fans.

vladimir putin

Vladimir Putin

In January, Russia completed the two World Cup stadium construction – Kazan and Sochi.

Luzhniki Stadium in Moscow will be the main venue, will host the opening match, semi-finals and finals of the tournament. The stadium renovation in progress and will be completed in 2017.

The second largest stadium in Moscow – Spartak FC Arena. Work is also in St. Petersburg Krestovsky Island stadium construction; the rest of the stadium construction will start this year.

 
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