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Russian official says World Cup to cost $20B

Published June 13, 2013 9:17 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Moscow • Russian Prime Minister Dmitry Medvedev says the costs for the 2018 World Cup will be more than $20 billion, about double the amount Russia originally estimated it would spend.

Medvedev told his Cabinet on Thursday that $13 billion of the cost would come from the federal budget.

When Russia won the bid for the World Cup in 2010, Vladimir Putin projected the costs at about $10 billion.

The 2014 Winter Olympics in Sochi, one of the Russian president's pet projects, has seen huge cost overruns. The estimates have increased nearly fourfold to $51 billion.