SpyLOG
16/4/2014 22:56
RIA Novosti

Sochi 2014

Russia Approves Extra $50M in Sochi Olympic Subsidies

Topic: Preparations for Sochi 2014 Winter Olympic Games

Russia Approves Extra $50M in Sochi Olympic Subsidies
13:35 25/12/2013
Tags: Sochi 2014 Winter Olympics, Russia

MOSCOW, December 25 (R-Sport) – With less than six weeks to go until the start of the Winter Olympics in Sochi, the Russian cabinet approved almost $50 million in extra subsidies for the Games' local organizing committee on Wednesday.

No reason was given for the extra 1.6 billion ruble injection, which will be put towards the estimated $7 billion cost of hosting the Olympics themselves, rather than the vast infrastructure costs that have taken the Games’ total costs to around $50 billion.

Total government subsidies for the organizing committee now stand at 13.85 billion rubles ($420 million), although the organizing committee also draws revenue from sponsorship as well as contributions from state-owned companies.
The Olympics will run from February 7 through 23.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussia Approves Extra $50M in Sochi Olympic SubsidiesRussia Approves Extra $50M in Sochi Olympic Subsidies

13:35 25/12/2013 With less than six weeks to go until the start of the Winter Olympics in Sochi, the Russian cabinet approved almost $50 million in extra subsidies for the Games' local organizing committee on Wednesday.>>

Send by e-mail

All fields are required!



Leave a comment

    Рейтинг@Mail.ru  Rambler's Top100
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18