The 2014 Sochi Winter Olympics is estimated to cost 195.3 billion rubles (around 6.3 billion U.S. dollars), said Russian Deputy Prime Minister Dmitry Kozak here on Wednesday.
Kozak said at a press conference that the initial estimated cost of the Sochi Olympics amounted to 206 billion rubles (around 6.6 billion dollars), but the sum was reduced "as a result of the decisions to optimize facilities, which provide for the operation of the Olympic sites."
"As soon as the project documentation is finalized we will be able to name a more accurate figure," local media quoted him as saying.
The expenditures will include 102 billion rubles (around 3.3 billion dollars) from government budgets, he added.
Russia's black sea resort city of Sochi won the rights to hold the 2014 Winter Olympics in July, 2007, the first ever for Russia in history.