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SOCHI, June 17. /TASS/. The roadmap for Sochi’s preparations for the 2018 FIFA World Cup envisages the allocation of 6.9 billion rubles ($127 million) for the construction of three stadiums for the event, the city administration said on Wednesday.
The roadmap is currently under approval in the regional Sports Ministry and the 2018 World Cup Organizing Committee, the city administration said.
"As part of this agreement, a program has been adopted that envisages financing in the amount of 6.9 billion rubles. The larger part of the funds will be spent on rebuilding the Fisht stadium," the city administration’s press office said.
The Fisht Stadium was constructed for last year’s Winter Olympic Games in Sochi and hosted the opening and closing ceremonies of both the Olympics and Paralympics in February and March 2014 respectively.
In line with FIFA regulations the stadium must be completely ready for the matches by June of 2016. Besides the laying of the playing pitch, the reconstruction of the stadium also envisages an increase of spectators’ seats and, according to plans, the stadium will be boasting the 45,000-seat capacity by 2017.
Russia won the bid to host the 2018 World Cup over four years ago in a tight race against the joint bid from England, Portugal and Spain and the joint bid on behalf of Belgium and the Netherlands.
Russia selected 11 host cities to be the venues for the matches of the 2018 World Cup and they are Moscow, St. Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara.
The matches of the 2018 World Cup will be held between June 14 and July 15 at 12 stadiums located in the 11 mentioned above cities across Russia. Two of the stadiums are located in the Russian capital.