Topic summary
Sochi Olympics
Extracted from the Wikipedia article 2014 Winter Olympics.
Cost and financing
In its final budget published in June 2014, Olimpstroy—the state corporation that oversaw the Sochi Olympics development—reported the total allocated funds for the 2014 Sochi Winter Olympics of 1,524 billion rubles (US$49.5 billion). However, only about a fifth of that budget ($10.8 billion) was directly related to the Olympic games, while the rest went into urban and regional regeneration and the conversion of the Sochi region into an all-year round sea and alpine resort. The breakdown table below is based on a report that has analysed the distribution of Olimpstroy's $49.5 billion budget. Estimates also suggest that additional unrecoverable operational costs (including for security) could have added another $3 billion.