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Deputy PM: 214 billion rubles were invested into preparations for Olympics

January 16, 2014, 15:43 UTC+3
According to Deputy Prime Minister, more than 99 billion rubles came from the federal budget
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Russia's Deputy Prime Minister Dmitry Kozak

Russia's Deputy Prime Minister Dmitry Kozak

© ITAR-TASS/Ruslan Shamukov

MOSCOW, January 16. /ITAR-TASS/. Around 214 billion rubles were invested into preparations for 2014 Olympic and Paralympic Games in Sochi. More than 99 billion rubles came from the federal budget, Deputy Prime Minister Dmitry Kozak told ITAR-TASS after a government session devoted to discussing the readiness of Olympic venues to the Winter Games.

“Investment spending on construction of Olympic venues and preparations for sport events, facilities of energy, transport and municipal infrastructure, stand at around 99 billion rubles from the federal budget,” said Kozak.

“Another 114 billion rubles came from other sources, these are external investments, which we were able to attract for preparations to the Olympics,” continued Deputy Prime Minister.

“As a result, investment spending on the preparations for the Olympic Games stand at around 214 billion rubles,” concluded Kozak.

 

When asked about a possible misuse of funds, he said, “There are no such facts.”

“Accounts Chamber of the Russian Federation and Federal Service for Fiscal and Budgetary Supervision carried out final inspections which confirmed that there were no instances of inappropriate or ineffective use of funds,” stressed Deputy Prime Minister.

Kozak also noted that during the preparations for the Olympics there were sometimes instances of so-called “unplanned works.” For example, a bobsleigh-luge track was transferred to another place in accordance with demands of ecologists. The same situation was with the Olympic village. “We had to rebuild a number of facilities,” explained Kozak. “But those were minor funds, and we had to put up with growing costs.”

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