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SBD Global/February 24, 2014/Olympics
Eyes On South Korea As PyeongChang Prepares To Host Next Winter Games
Published February 24, 2014
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LET IT SNOW: The AFP reported one improvement the PyeongChang organizers "are sure they can deliver on is the snow -- more of it." While temperatures in Sochi touched 20 degrees Celsius, PyeongChang "is a genuine winter resort with Alpine snow conditions." The Sochi Games were the most expensive ever, with a price tag of about $50B that "would make any potential host city think twice before putting its name forward." But "they were essentially built from scratch, and the bulk of that inflated budget went on infrastructure, including roads, railways, hotels and other long-term regeneration projects." PyeongChang, by contrast, "has most support facilities in place," and its infrastructure budget is $7B, which includes a high-speed rail link between Seoul and PyeongChang (AFP, 2/23).