Volgograd World Cup arena to cost $380m
Volograd: Preliminary estimates put the cost of the Football World Cup 2018 stadium in the Russian city of Volgograd at $380 million.
The 45,000-seater arena will be constructed on the site of the soon-to-be demolished home ground of second-tier side Rotor.
Dmitry Popov, the deputy director of the state company that designed the arena, Sport Engineering, said the angular building on the banks of the Volga river is likely to cost around $380 million.
German constructors GMP Architects are likely to bring the designs to life, with the start of the building work scheduled for 2014.
The city`s total spending for the World Cup is planned to exceed $1.2 billion, more than half of which will come from budgetary sources, said deputy head of Volgograd region administration Oleg Kersanov Tuesday.
Last week, FIFA president Sepp Blatter declared that preparations for the Russian World Cup were well ahead of his expectations.
The tournament will be the first World Cup held in Eastern Europe and is to be spread across 12 stadiums in 11 host cities.
More from India
More from World
More from Sports
More from Entertaiment
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak
- PM Modi slams Pakistan govt during his speech in Kozhikode
- DNA: US army's joint exercise with Indian Army and their consolation on Uri attack
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak - Part II
- PM Modi calls meeting to review Indus Waters Treaty today
- SHOCKING VIDEO: This man was trying to take selfie with python - You won't believe what happened next!
- Donald Trump praises Hindu community's contributions to US
- WATCH: Ravichandran Ashwin's magic ball that bamboozled Kane Williamson on Day 3
- Uri effect? India, Afghanistan bypass Pak to set up exclusive air corridor
- Jio impact: Vodafone offers 10 GB 4G mobile services at 1 GB price