World swimming champs to cost $55m, Russia says
Russia says hosting the world aquatics championships in Kazan next month will cost around $55 million.
Vladimir Leonov, sports minister for the Tatarstan region which includes Kazan, says the figure of 3 billion rubles ($55.3 million) would cover ''all the logistics, all the facilities, all the operational costs,'' in comments reported by Tass.
Competition organizers have kept costs down by using facilities built for the 2013 University Games, including a 45,000-seat soccer stadium equipped with two temporary pools, which Leonov said cost around one-tenth of the total budget.
Costs for the July 24-Aug. 9 event could rise because of currency fluctuations, he added.
Organizers of the 2017 championships in Budapest, Hungary, have reportedly set a budget of $85 million, including the construction of a new arena.