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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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04/03/13
Olympic Investors Complain About Cost

Some of the biggest investors in the 2014 Sochi Winter Olympics "are requesting financial help from the government to help ease the burden" from the Games' estimated $50B price tag, according to Thomas Grove of REUTERS. In a letter addressed to Deputy PM Dmitry Kozak, who is responsible for the 2014 ...

Tags: Olympics, Russia

04/02/13
Sochi To Test New Spectator Pass Plan

The Russian government on Friday "tiptoed away from the idea of forcing visitors to the Sochi Winter Olympics to register their personal details with authorities," according to R-SPORT. Sochi officials had previously said that "spectators might have to hand over their passport information and, poten ...

Tags: Olympics, Russia

04/02/13
SA Swimmers Have To Pay For Trip

South African swimmers, including Olympic Gold Medalist Chad le Clos, "will have to pay their own way to compete in the FINA World Championships in Barcelona later this year as their cash-strapped federation cannot fund their trip," according to Nick Said of REUTERS. The swimming federation lost its ...

Tags: Olympics, Europe

04/02/13
Olympic Notes

Georgia's participation in the 2014 Sochi Winter Olympics "was thrown into doubt on Monday when the country's deputy foreign minister insisted that a decision is yet to be made." Georgia "broke off diplomatic relations with Russia following the 2008 war over South Ossetia" ( R-SPORT, 4/1 ). ... ...

Tags: Olympics

04/02/13
Funding For Tokyo 2020 Bid At 70 Percent

Tokyo 2020 CEO Masato Mizuno has "revised his previous assessment of private funding for the city's budget" upward to about 70%, after stating last week that less than half of the 3.8B yen ($40 M) had been procured, according to KYODO. Tokyo's bid is expected to cost 7.5B yen ($80M), with 3.8B ...

Tags: Olympics, Japan

03/29/13
Polish, Slovak Leaders Back 2022 Bid

Poland and Slovakia backed a joint bid to host the 2022 Winter Olympics on Wednesday, "hoping to win the first Games for the two central European countries," according to Jan Lopatka of REUTERS. The countries' prime ministers announced the bid after meeting in the Slovak town of Poprad, at the foot ...

Tags: Olympics, Europe

03/29/13
Istanbul Bid Leaves Impression

The IOC's evaluation commission head said that Istanbul's presentation of its bid to host the 2020 Olympic Games left an "excellent impression," according to Daren Butler of REUTERS. Turkey's largest city, which is competing with Tokyo and Madrid for the 2020 Games, presented its candidacy to the IO ...

Tags: Europe, Olympics

03/29/13
Olympic Notes

The Olympic Park, "off limits to the public since the end of the London 2012 Games," is reopening for short visits. So far, 20,000 tickets have been sold to people wanting to see the site in Stratford, east London, "where Olympic and Paralympic medals were won and lost" ( BBC, 3/27 ). ... The Bang ...

Tags: Olympics

03/28/13
Istanbul To Build 100,000-Seat Stadium

Turkey Youth and Sports Minister Suat Kılıç said his country's Olympics candidacy process includes "plans for a 100,000-person temporary stadium to be constructed in the Haydarpaşa neighborhood of İstanbul's Kadıköy district," according to TODAYS ZAMAN. Kılıç stated that "if Turke ...

Tags: Olympics, Asia

03/28/13
UKA Accused Of 'Bulldozing' Athletes

UK Athletics has been accused of "bulldozing" Olympic and Paralympic athletes into signing a central contract "that would blunt their individual commercial appeal and place them in breach of existing endorsement deals," according to Ashling O'Connor of the LONDON TIMES. Agents "acting for some of t ...

Tags: Olympics, United Kingdom

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