ОРЕАНДА-НОВОСТИ. SOGAZ Insurance has insured all possible risks associated with the construction and assembling operations during the building of the Volgograd stadium, where the World Cup matches will be held in 2018. The total sum insured amounts to 16.5 billion rubles.

The construction site as well as the materials and elements used in the work were insured against a wide range of risks for 16.2 billion rubles. Furthermore, civil liability to third parties as a result of work performance was insured for another 300 million rubles. The insurance coverage will be effective until the end of November 2018, including the period of warranty.

A 45,000 seat football arena in Volgograd is being built on the former site of the Tsentralniy stadium (Central stadium). The total area of the building exceeds 122 thousand sq. m. The completion of construction activities has been scheduled for November 2017. The stadium will host the final matches of the group stage of the 2018 World Cup. During the World Cup, it will be called Volgograd Arena.

The Volgograd stadium is not the only arena among those being built for the World Cup and which were insured by SOGAZ. Previously, the company already informed about the insurance of operations related to the reconstruction and restoration of the Central stadium in Yekaterinburg (Yekaterinburg Arena), which will also host a World Cup match.