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MOSCOW, October 11 (Itar-Tass) - The state-run Luzhniki Grand Sports Arena will receive subsidies from the Moscow city budget, a city administration official said on Friday.
Moscow Mayor Sergei Sobyanin signed a relevant resolution “in connection with the need to guarantee timely preparations for hosting the FIFA Confederation Cup 2017 and the 2018 World Cup as well as to cover the current expenses to maintain the stadium.
Under the document, budget appropriations for the “City Construction Policy” program will increase to 107.7 million roubles (USD 1 = RUB 32.21) this year. Money will be spent for the ongoing maintenance of the Grand Sports Arena. Nineteen million roubles will be used to finance the utilities, security and insurance services. Another 35 million roubles will be spent on technical examination of structures, inventory accounting and the services of specialized consulting firms necessary for the operation and management of sport facilities. A total of 53.5 million roubles will be assigned to maintain the Luzhniki Grand Sports Arena.