The 2018 FIFA World Cup – more a sanction than a boost for the Russian economy – EuropaProperty
In December 2010 Russia was selected as the host country for the 2018 FIFA World Cup, for which twelve stadiums must be prepared. At that moment none of the stadiums proposed for the competition were operational. As indicated by the results of PMR’s latest report, entitled “World Cup 2018 in Russia. Planned investments for 2015-2018”, almost four years after the announcement, only three stadiums (in Kazan and Sochi, and Spartak Stadium in Moscow) are operational.All three venues were built from scratch, have capacities of 40,000-45,000 seats and required more than three years’ work. The stadiums in Kazan and Sochi were built with the use of public funds and needed three years and a few months to be completed, whereas Spartak Stadium, which was built exclusively with the use of private funding, needed four. It is a huge challenge for Russian officials to develop nine stadiums in less than four years, given that economic progress will fall considerably short of the…
SUBSCRIBE NOW – SEE BELOW
This content is for EuropaProperty.com Subscription members only.