Cost of Russian Grand Prix massively over budget 26 September, 2013 Russian GP site in Sochi The final cost of the project to take Formula 1 to Russia was massively higher than was first estimated.
The Russian business daily Vedomosti reports on Thursday that, instead of 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...
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