Monday, November 24, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Download APP
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

19th Century Portraits

History of St. Petersburg Museum: Rumyantsev Mansion

 

Перевести на русский Перевести на русский Print this article Print this article

Officials Sum Up Spending On G8

Published: July 18, 2006 (Issue # 1187)


Running the G8 summit cost Russia 10.7 billion rubles ($397 million), according to official data, Interfax reported. The federal government spent 3.2 billion rubles ($119 million) directly on preparing and running the event in St. Petersburg.

Apart from preparing the Konstantinovsky Palace and hosting foreign delegations, considerable funds were spent on various sites constructed in St. Petersburg, said the manager of the presidential administration, Vladimir Kozhin.

Preparing for the summit, Pulkovo airport completed a new landing strip.

Some funds were spent on road construction and road intersections in the city and in areas of the Kiyevskoye, Volkhonskoye and Tallinskoye highways and on construction of the ring-road.

“Over ninety percent of the funds were provided by the federal budget,” Interfax cited Kozhin as saying Friday.

“A number of companies, naturally, provided financial support to the organizational committee. No state company participated in G8 financing,” he added.

The head of the summit secretariat Sergei Vyazalov has promised to publish a detailed report on costs on the official G8 web site by December of this year.

“We faced the task of preparing the city infrastructure for the summit, first of all — the airport for guests’ arrival,” Interfax quoted Vyazalov as saying Thursday.

“On our recommendation, the transport ministry conducted reconstruction of a landing strip, replaced meteorological stations, navigation and signaling equipment,” Vyazalov added.

He estimated that the approximate spending on these works totaled 3.7 billion rubles ($137.4 million).

The organizational committee bought 60 electric buggies for guests’ transportation. A total of 600 cars were used during the event and 60 million rubles ($2.2 million) was spent on buying new helicopters.

According to Vyazalov, 160 million rubles ($5.9 million) came from private companies.

“Through a special fund, sponsors’ money was spent on transportation, NGO events and infrastructure solutions, like decreasing the level of the water around the Konstantinovsky Palace. Some money was spent on scientific research,” Vyazalov said.

Apart from the $10 million press center complex in Strelna suburb, no building was purpose-built for the summit.





 


ALL ABOUT TOWN

Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



Times Talk