Russia transport infrastructure cash for 2018 FIFA World Cup

New transport infrastructure in Russia will be created from a US$4.178 billion (RUB 130bn) federal budget pot for boosting transport, energy supply, communications, utilities, and safety infrastructure ahead of the country hosting the 2018 FIFA World Cup. Meanwhile, a further US$3.857 billion (RUB 120bn) is to be spent on the reconstruction of sport facilities ahead of the international football showpiece event. To pay for the huge infrastructure spending the Russian government is reported to have ordered
May 7, 2013 Read time: 2 mins
New transport infrastructure in Russia will be created from a US$4.178 billion (RUB 130bn) federal budget pot for boosting transport, energy supply, communications, utilities, and safety infrastructure ahead of the country hosting the 2018 FIFA 1556 World Cup.

Meanwhile, a further US$3.857 billion (RUB 120bn) is to be spent on the reconstruction of sport facilities ahead of the international football showpiece event.

To pay for the huge infrastructure spending  the Russian government is reported to have ordered the Sports Ministry, the Ministry of Regional Development, the Finance Ministry, the Ministry of Communications, the Energy Ministry, and other institutions to look at the possible use of money from the National Wealth Fund, which accumulates funds to cover deficit in the country’s Pension Fund.

The Moscow Airports may require additional financing. Amendments to the program of 2018 FIFA World Cup preparations must be introduced until 22 May 2013. The National Wealth Fund had RUB 2.70tn as of 1 April 2013. The infrastructure programme was due to be approved and launched in June 2013.

For more information on companies in this article

Related Content

  • Transport the key to economic growth
    July 12, 2012
    Delegates from around the world discussed the future of global transport at the 2009 International Transport Forum in Leipzig, Germany In the face of the global economic downturn, transport will play a key role in supporting economic growth and in the creation of new confidence in the world's economic future, the delegates of the 2009 International Transport Forum (ITF) agreed. As almost all global threats have strong, central links and impacts, the transport sector will remain at the forefront of most glob
    Read More
  • Mostotrest to construct key Russia G8 transport links
    May 30, 2012
    Mostotrest will reconstruct and build six transport infrastructure facilities in time for the 2014 G8 summit in Skolkovo, Russia. The new infrastructure comprises the southern section of the North-West backbone; a section of Kutuzovsky Avenue, three interchanges at the crossing of Skolkovskoe, Mozhayskoe Highways and Generala Dorokhova Street with MKAD; and an interchange at crossing of Aminyevskoe Highway and Generala Dorokhova Street.
    Read More
  • Huge investment for Moscow’s motorway routes
    May 1, 2015
    Huge investments being made in building several outbound routes in Moscow and the Moscow region – Eugene Gerden writes. Up to US$20 billion (900 billion Roubles) will be invested in the building of several outbound routes in Moscow and the Moscow region during the next few years, according to an official spokesperson of the Russian Ministry of Transport. It is planned that the routes will be built as flyovers above the railroad tracks in the Yaroslavl, Kazan, Riga and Paveletskaya directions of the
    Read More
  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More

Highlighted Content