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Medvedev orders probe into Olympic construction cost overruns

© RIA Novosti . Anton DenisovRussia has earmarked over $30 billion for the construction of hundreds of sports facilities and infrastructure in Sochi, host city for the Games.
Russia has earmarked over $30 billion for the construction of hundreds of sports facilities and infrastructure in Sochi, host city for the Games. - Sputnik International
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Russian President Dmitry Medvedev on Tuesday ordered an investigation into overpricing practices at 2014 Winter Olympic construction projects.

Russian President Dmitry Medvedev on Tuesday ordered an investigation into overpricing practices at 2014 Winter Olympic construction projects.

The order was issued to Prime Minister Vladimir Putin and Prosecutor General Yury Chaika.

Medvedev was acting on a report from Konstantin Chuichenko, the head of the presidential comptroller office, citing in particular the doubling of the price of fill materials - sand, crushed stone, pebble - within the space of a year.

At the start of last year fill materials cost 360 rubles per ton but this year the price skyrocketed to 800 rubles - "given that the average price countrywide is 250-400 rubles," Chuichenko said.

Russia has earmarked over $30 billion for the construction of hundreds of sports facilities and infrastructure in Sochi, host city for the Games.

GORKI (Moscow region), March 15 (RIA Novosti) 

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