News Details
Cost of Russia GP almost doubled
The final cost of the project to bring formula one to Russia was massively higher than first estimated.
The Russian business daily Vedomosti reports on Thursday that, instead of EUR 142 million, the race track project at Sochi actually cost 260 million.
The figure was confirmed by Guennadi Saienko, representing the race promoter Omega Center.
"It (the original figure) was a rough calculation, not taking into account many of the necessary requirements of the designer, the company Tilke GmbH, which has supervised the construction," he said.
It had also been claimed recently that an organisational dispute between the promoter and Russia's sanctioning body had meant a key FIA race...
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11y ago from GrandPrix.com
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