Sunday, August 1, 2010

Sochi's $6 Billion Olympics

The 2014 Winter Olympics in Sochi, Russia are expected to cost more than $6 billion, according to Deputy Prime Minister Dmitry Kozak. Of that, roughly $2.9 billion will be provided by the government.

Re-settlement of town residents whose houses are to be demolished and lands withdrawn during construction works will cost an extra 12 billion rubles (395.6 million dollars).

He added this was only a preliminary estimation at the moment, as "a great number" of problems remains in place, including customs and border control issues.

Sochi Olympics may cost 6 bln U.S. dollars: official
July 23, 2010