Posted: Thu June 13, 2013 11:32AM; Updated: Thu June 13, 2013 11:32AM

Russia prime minister Medvedev: 2018 World Cup to cost $20 billion

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Dmitry Medvedev
Russian Prime Minister Dmitry Medvedev rides a snowmobile at Sheregesh ski resort in the Kemerovo region.
Dmitry Astakhov/AP

MOSCOW (AP) -- Russian Prime Minister Dmitry Medvedev says the costs for the 2018 World Cup will be more than $20 billion, about double the amount Russia originally estimated it would spend.

Medvedev told his Cabinet on Thursday that $13 billion of the cost would come from the federal budget.

When Russia won the bid for the World Cup in 2010, Vladimir Putin projected the costs at about $10 billion.

The 2014 Winter Olympics in Sochi, one of the Russian president's pet projects, has seen huge cost overruns. The estimates have increased nearly fourfold to $51 billion.


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