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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and publ...

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Tags: Olympics, Brazil

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03/26/14
Olympic Notes

The mayor of Krakow announced on Monday that he will seek the consent of locals on whether the city should host the Winter Olympics in 2022. Mayor of Krakow Jacek Majchrowski during Monday's press conference. Photo: PAP/Stanislaw Rozpedzik. Jacek Majchrowski declared at a press con ...

Tags: Olympics

03/24/14
Rio Games Face 'Crucial' Budget Meeting

An inspection group from the IOC told organizers of the 2016 Rio de Janeiro Games that "the time for talking is over and that crucial decisions need to be made," according to Panja & Duff of BLOOMBERG. In January, Brazilian authorities said that they "would be spending" at least 5.6B reais ($2.4 ...

Tags: Olympics, Brazil

03/21/14
Mexico Considering Bid For 2024 Olympics

Mexico's National Sports Commission will "request technical and financial studies regarding the economic and social feasibility, as well as the country's sports and hospitality infrastructure, for a possible bid to host the 2024 Olympics," according to Fernando Damián of LA AFICION. The commi ...

Tags: Olympics, North America

03/20/14
Tokyo To Put Up Multi-Language Signs

Tokyo and the central government "launched on Wednesday a public-private council to come up with ways to put up more multiple-language signs for the 2020 Olympics," according to Masaaki Kameda of the JAPAN TIMES. Tokyo Gov. Yoichi Masuzoe said at the council’s inauguration, “It’s i ...

Tags: Olympics, Japan

03/18/14
IPC Boss Declares Sochi Games Closed

Int'l Paralympic Committee President Philip Craven declared the Sochi Paralympics closed Sunday in a ceremony "celebrating the ambition and ability of disabled people," according to R-SPORT. The "uplifting and colorful ceremony" brought down the curtain on nine days of competition which featured 547 ...

Tags: Olympics, Russia

03/18/14
Sochi Olympics Contractor To Fold

Sochi Olympics building contractor Inzhtransstroi said that it "will fold after several lawsuits were brought against it by clients who accuse the company of inflating construction costs," according to the ST. PETERSBURG TIMES. The company said in an online statement that Inzhtransstroi Dir Yefim B ...

Tags: Olympics, Russia

03/18/14
Olympic Notes

The organizing committee for the 2020 Tokyo Summer Games added 28 new members, including Olympic athletes and cultural figures, to its executive board on Monday. Seven women were added, "apparently in response to a push by the International Olympic Committee calling for more female representation'' ...

Tags: Olympics

03/17/14
Greek Sports Battle Funding Cuts

Greece's "beleaguered Olympic sports federations are struggling for their very existence following a new round of cuts in state funding despite several new emergency measures announced on Friday," according to Graham Wood of REUTERS. Funding received by most disciplines has been halved in the gov ...

Tags: Olympics, Europe

03/17/14
Rio Olympics In Need Of 3,000 Rooms

Organizers of the 2016 Rio de Janeiro Olympics have been told that "a building meant to house 3,000 journalists won’t be ready in time for the Games," according to Tariq Panja of BLOOMBERG. The project "also included a media center for non-accredited journalists in the historic port area, whic ...

Tags: Olympics, Brazil

03/17/14
Five Cities Submit Bids For 2022 Games

Krakow, Poland; Oslo, Norway; Almaty, Kazakhstan; Lviv, Ukraine and Beijing "have all submitted their respective Applicant File to host the 2022 Winter Olympic Games and Paralympic Games" to the IOC, according to XINHUA. Following the list of contenders being announced in November, "the cities atten ...

Tags: Olympics, China, Europe

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