Russia admits FIFA World Cup overspend

Russia admits FIFA World Cup overspend

Officials in Russia have revealed the preliminary budget for holding the FIFA World Cup is almost twice what it projected when it won the bid in 2010.

Russia will host the competition – considered the largest single sport event – in 2018, having beaten England and joints bids from Portugal/Spain and Belgium/the Netherlands.

Sports minister Vitaly Mutko announced a budget of 600bn roubles for the competition earlier.

Some 40 per cent of which will go into building or renovating stadiums.

The rest of the money will be spent on transport and hotel infrastructure.

Mutko added the costs were expected to be split evenly between the public and private sectors.

Eleven host cities have been chosen which span the European part of Russia: Moscow (with two of the 12 stadiums), St Petersburg, Sochi, Yekaterinburg, Kazan, Nizhny Novgorod, Rostov-on-Don, Samara, Kaliningrad, Volgograd and Saransk.