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City news
Stadium Costs Double
04.29.2008 07:23

Gazprom may pay for most of the new stadium being built for soccer club Zenit St. Petersburg after the venue’s cost doubled to as much as $593 million, Vedomosti reported, citing Alexander Dyukov, Gazprom Neft chief executive officer and also Zenit president.

St. Petersburg’s city government had previously planned to pay for the stadium from increased tax receipts after Gazprom units Sibur Holding and Gazprom Neft registered as taxpayers in St. Petersburg, the newspaper said Monday. Gazprom is Zenit’s main sponsor.

The municipal government has asked Gazprom to help finance the venue’s construction, Vedomosti reported, citing Vladimir Barkanov, the chairman of the budget and finance committee in St. Petersburg’s legislature.

The new stadium is now scheduled to be completed in 2010, a year later than initially planned.

News source: Times.spb.ru
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