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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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07/26/13
Olympic Notes

Amateur boxing officials "have accepted defeat in their bid to increase the number of women's weight categories" for the 2016 Rio de Janeiro Games. The AIBA "hoped to double the number of Gold Medals available for female boxers." The IOC made it clear additional medal events "would no longer be cons ...

Tags: Olympics

07/25/13
Sochi Medals To Include Meteorite Pieces

Russian officials said Wednesday that some Gold Medal winners at the Sochi Winter Olympics "are set to be rewarded for their out-of-this-world performances with extra medals embedded with meteorite fragments," according to R-SPORT. The special medals "are on offer to athletes who win their events" o ...

Tags: Olympics, Russia

07/25/13
Olympic Notes

Discovery Underground , a 10km night race the Madrid 2020 Olympic bid will hold in the Spanish capital's metro facilities and film for a documentary about the bid's support, has drawn more than 7,000 requests for its 100 slots for participants. Each person who has applied to run in the race, which ...

Tags: Olympics

07/24/13
Wales: Olympic Legacy Under Threat

Sport Wales Chair Laura McAllister said that "the country's Olympic legacy is under threat because of budget cuts," according to Gareth Lewis of the BBC. McAllister said that "looming cuts by local authorities put participation in sport at risk." In June, the Welsh Local Government A ...

Tags: Olympics, United Kingdom

07/24/13
Olympic Notes

Members of the Madrid 2020 Olympic bid are planning to visit Asia this week to try to close five votes. Three votes come from China, plus one from Hong Kong and another from Taiwan, which is under Chinese rule but is partially recognized as independent. China is "one of the last corners Madrid has n ...

Tags: Olympics

07/23/13
European Businesses Support Madrid 2020

The Organization of European Capital Cities (OPCE) has approved an institutional declaration of support for the Madrid 2020 Olympic bid, according to the EFE. In the declaration, "the businesses of European capitals said that Madrid hosting the Games would mean a spark not only for the economy in Ma ...

Tags: Olympics, Europe

07/23/13
Olympic Execs Got $4M In Exit Payments

The financial reports of the Olympic Delivery Authority show 144 officials were paid a share of more than £2M ($3M) "ahead of the authority winding down in 2014," according to the BBC. Exit payments to staff on permanent contracts cost £2.8M ($4.3M) in '12-13. ODA CEO Dennis Hone was pai ...

Tags: Olympics, United Kingdom

07/22/13
Coe Wants 4-Year Ban For Drug Cheats

British Olympic Association Chair Sebastian Coe "wants the ban for athletes failing drugs tests to be increased from two to four years," according to Mike Collett of REUTERS. Coe said, "We have to go back from two years to four years. The move down to two did a lot of damage to my sport. It is for t ...

Tags: Olympics, United Kingdom

07/22/13
Report: Olympics Boosted U.K. Economy

U.K. Trade & Investment officials estimate that the London Olympics provided a £9.9B ($15B) "boost to business in the year since they were held," according to Thomas Penny of BLOOMBERG. The government’s trade-promotion agency said in a report that the benefit might rise to £41B ...

Tags: Olympics, United Kingdom

07/22/13
Blanco Pitching Madrid 2020 In Barcelona

Spanish Olympic Committee (COE) President Alejandro Blanco "is fighting to speak with IOC members in Barcelona" for the Int'l Swimming Federation's (FINA) World Championships, according to Matilla & Jiménez of AS. As of Sunday, four members of the IOC had visited this year's World Champio ...

Tags: Olympics, Europe

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