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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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03/21/13
Madrid Games Worth Billions To Spain

Madrid Olympic bid organizers said that hosting the 2020 Olympic Games in Madrid would provide a €3.87B ($5B) boost to the Spanish economy and generate 83,000 full-time jobs, according to the AFP. On the second day of an inspection visit by the IOC's evaluation commission, Madrid bid committee ...

Tags: Europe, Olympics

03/21/13
Fans Must Be Educated About Paralympics

Russian Paralympic Committee head Mikhail Terentiev said Wednesday "the country’s sports fans must be educated to view next year’s Paralympics in Sochi as real sport rather than a 'charity drive,'" according to R-SPORT. Terentiev said that "spectators disturbed blind athletes by shouting ...

Tags: Olympics, Russia

03/21/13
Japan Committee Cuts Judo Funding

The Japanese Olympic Committee said Tuesday that it "has cut funding for the All Japan Judo Federation and ordered it to take preventive measures as punishment for coaches' abusive training of female judokas," according to the AP. The JOC also cancelled a $260,000 "annual subsidy for the federation ...

Tags: Olympics, Japan

03/20/13
Friend Of Putin Gets $7B In Sochi Deals

Russian businessman Arkady Rotenberg, the boyhood friend of Russian President Vladimir Putin, "already is collecting his winnings from what promises to be the most expensive Winter Olympics ever next year," according to Arkhipov & Meyer of BLOOMBERG. Rotenberg’s companies "have been a ...

Tags: Olympics, Russia

03/20/13
Putin: Visa-Free Travel For Athletes

Russian President Vladimir Putin called for "visa-free travel for athletes and sportspeople competing in an upcoming series of major sports events in Russia," according to R-SPORT. Russia is to host competitions including next year's Winter Olympics, the 2018 FIFA World Cup and August's world athlet ...

Tags: Olympics, Europe

03/19/13
Aussie Sports Could Lose Gov't Funding

Australia's seven best-funded Olympic sports "have been warned to improve the way they are run or effectively be heavily fined" by the government, according to Ron Reed of the HERALD SUN. The Australian Sports Commission told athletics, swimming, cycling, rowing, sailing, hockey and basketball that ...

Tags: Australia, Olympics

03/19/13
Rio 2016 To Confirm Rugby Sevens Venue

A decision on where to hold the field hockey and rugby sevens during the Rio de Janeiro 2016 Games "will be officially rubber-stamped by the world governing bodies next month," according to Tom Degun of INSIDE THE GAMES. The Int'l Hockey Federation (FIH) met Rio 2016 organizers to discuss its Olympi ...

Tags: Olympics, Brazil

03/19/13
Spanish PM: Madrid Deserves Games

Spanish PM Mariano Rajoy opened the IOC evaluation team's visit to Madrid by "claiming the city deserves the right to host the 2020 Olympic Games," according to the AFP. Rajoy was "keen to stress the country's experience" in hosting big sporting events and large numbers of visitors. Rajoy: "Of the s ...

Tags: Olympics, Europe

03/18/13
Georgia To Participate In Sochi Games

Georgian National Olympic Committee Chair Leri Khabelov on Saturday "reiterated the country's willingness to participate in the 2014 Winter Olympic Games to be held in Sochi," according to XINHUA. The new government of Georgia "is doing everything possible" to ensure that Georgia takes part in the 2 ...

Tags: Olympics, Russia

03/15/13
Putin Protests Wrestling's Exclusion

Russian President Vladimir Putin labeled the decision to exclude wrestling from the Olympics “unjustified” and said he hoped to take up the sport’s cause with the IOC, according to R-SPORT. Putin said, "It appears unjustified that there is the exclusion from the Olympic program of ...

Tags: Europe, Olympics

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