PS: Why did you answer your own question?
EDIT: The documentary provided above by manaskarekar says the same: http://youtu.be/xr8N0Z4Cl0U?t=23m11s
"Isn't that just the wrong way?"
"Yeah but faster"
The 7500 meter figure, is that with cargo or without? Aircraft can typically do pretty amazing things with an empty cargo hold and a few sips of fuel in the tanks.
Honestly, I'm really having trouble seeing this thing as anything but a Soviet propaganda project with no real economic argument for it.
The thick, warm, rich air at sea level is not exactly the best operating environment for turbojets. And if there really was a benefit to harnessing the ground effect that outweighed the negative effects of low altitude, why not use a proper aircraft like an Antonov and just fly it low enough to take advantage?
And I assume the 50%/50% figure above is in relation to contemporary Soviet aircraft? Which where, themselves, thirsty compared to contemporary western aircraft let alone modern aircraft. The thing had 8 (Eight!) turbojets!
Re: the Antonov, I think the idea is that it needs to be very low to utilize ground effect, and the only way to do this safely is over water with a hull capable of emergency water landings at the very least.