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Cross-Country Skiing

Who is building what in Sochi for 2014 Olympics

The cost of the 2014 Winter Games in the Russian city of Sochi now stands at $51 billion, making it the most expensive Olympics in history. More than half of the bill is being footed by Russian state-controlled companies and business tycoons. A look at what the major players are building in Sochi:THE RUSSIAN GOVERNMENTThe government is building five of the six arenas in the coastal cluster, which will host indoor competitions such as ice skating, for about $10 billion. Deputy Prime Minister Dmitry Kozak, who is overseeing the Sochi preparations, said the government will spend a total of about $18 billion before the games begin in February 2014.GAZPROMThe world's largest natural gas producer, a publicly traded company, has many Olympic projects in Sochi, including building a cross-country skiing and biathlon center, one of the three Olympic villages and an Alpine ski resort. Gazprom is also building a power station in a Sochi suburb for about $740 million and a pipeline to bring gas sup...

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