Crews rush to finish $48B worth of infrastructure for Winter Olympics in Russia

10/30/2013 | Bloomberg

Crews are now working around the clock to complete $48 billion worth of infrastructure for the Winter Olympics in Russia. The facilities in Sochi are 95% complete, but there are almost a hundred non-Olympic facilities still unfinished, according to Dmitry Kozak, the deputy prime minister overseeing the preparations. "It's obvious that there is still a lot of work to be done to get the facilities ready by the opening ceremony," said Chris Weafer, a senior partner at Macro Advisory in Moscow. In 2007, the cost estimate for the work was $12 billion.

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