Russia’s Sochi Winter Olympics was estimated to cost $12bn. The spend currently stands at $51bn. What went wrong? Simon Wilson reports.
The Sochi Winter Olympics has cost $51bn, more than all the previous 21 Winter Olympics combined. In fact, next month’s Games will set a record for the most expensive Olympics ever.
Its cost far outstrips the $15bn final bill for the London Olympics and even the $40bn that China spent to create an era-defining national showcase for Beijing 2008.
This despite the fact that the Winter Olympics are a far smaller event than the summer [...]
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