the republic logo

Russia trims World Cup budget again, cuts $2.4 million after scrapping proposed TV tower

bug
Share/Save/Bookmark

MOSCOW — Russia has again cut its budget for the 2018 World Cup, in part by abandoning plans to build a new TV tower.

A Russian government order published Wednesday removes 151.4 million rubles ($2.38 million) from the budget in the third round of cost-saving this year. That leaves the budget at 631.3 billion rubles ($9.92 billion).

The latest savings seem to come mostly from abandoning plans for a 240-meter tall TV tower in the host city of Samara.

The Russian government is curbing most areas of public spending as the economy contracts due to the low oil price.

In June, Russia cut 29.2 billion rubles ($459 million) from the World Cup budget, cancelling plans for several hotels.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.