RUSSIAN WORLD CUP STADIUM TO COST $320 MILLION

Authorities of Samara have stated the construction of a 44,000-seater arena for the 2018 World Cup would cost $320 million.

The stadium - which is planned to be constructed on an island in the Volga - has been surrounded by scepticism since plans were revealed. Many believe the site is too far from the local airport, the potential for difficulties when developing transport infrastructure between the island and mainland is too high, and the possible demolition of a number of historical buildings has caused concerns.

Despite fears, the central Russian city - with a population of 1.2 million - was among the 11-long final list of host cities announced last week by FIFA and Russian organisers. Making up the remainder of the host cities list is Moscow, which will host the final at Luzhniki Stadium, St. Petersburg, Sochi, Kazan, Yekaterinburg, Kaliningrad, Volgograd, Rostov-on-Don, Saransk, Samara and Nizhny Novgorod.

All 12 Russian venues to be used during the 2018 World Cup require construction or major refurbishments to meet FIFA standards.

Those costs were included into the total World Cup cost of $19.2 billion as announced by the Sports Minister Vitaly Mutko last week.

Posted on 05/10/2012