Russia has welcomed football fans from all over the world. FIFA World Cup-2018 matches will be held in 11 cities on 12 stadiums with new infrustructure
Initially, Russia submitted 13 host cities: Moscow, St. Petersburg, Kaliningrad, Yaroslavl, Volgograd, Kazan, Samara, Saransk, Nizhny Novgorod, Rostov-on-Don, Sochi, Krasnodar and Yekaterinburg. Two of them – Yaroslavl and Krasnodar – were removed, after the FIFA inspection in 2014.
In 2013, the Russian government approved the decree allocating the required funding for hosting of the event in the amount of RUB 664bn (USD 20.9bn). Of that, 34% was expected to be covered by private investors. Eventually, a few iterations of the program for the preparation of the 2018 World Cup were created.
According to the last accessible estimate by the local organising committee, the overall spending amounted to RUB 683bn in April 2018.
Above-budget spending is RUB19bn. The distribution of financing sources also changed somewhat. The bulk (71%) has come from the state budgets (federal and regional). Most of the money has been invested into infrastructure and sport venues that will be used by Russian football clubs in the future.
In this report JLL describe how much have been invested into stadiums and infrastructure, what will be the impact on the economy, and how the sport infrastructure will be used after the 2018 World Cup.