(ATR) The Russian government has approved a set of rules on subsidizing construction for World Cup 2018 infrastructure and venues.
On Friday, Prime Minister Dmitry Medvedev signed an agreement saying that the government will offer subsidies of up to $150 million to regions of Russia hosting World Cup events.
The World Cup presents a challenge to Russia, as the impoverished regions across the country will need a total overhaul of sports, transport, and security infrastructure. Although many venues are already complete or on schedule, several others are being built from scratch.
Officials have estimated that Russia will need $20 billion to prepare for the World Cup with the bill evenly split between private investors and regional governments.
Written by Andrew Murrell
20 Years at #1: Your best source of news about the Olympics is AroundTheRings.com, for subscribers only.
Últimas Noticias
“Project Merciless”: Qatar’s plan to spy on top FIFA leaders and ensure the organization of the 2022 World Cup
An investigation reveals that more than 380 million dollars were spent to hack personalities. The spies violated email accounts, computers, phones and investigated friends and family of world football leaders and advisors.
2021 Esports business summit planned for Las Vegas - conferences & conventions
Sportaccord delegation visits ekaterinburg - conferences & conventions
Fifa adds hisense for 2022 world Cup - sponsor spotlight
Fifa boss Infantino wins court battle - federation focus
