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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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03/15/13
IOC Fixes Dates For Meeting With IOA

The IOC has fixed the dates of the joint meeting with the Indian Olympic Association and Sports Ministry in the second week of next month to "find a way towards resolving the issues that led to the country’s ban from the Olympic family," according to the PTI. The IOC said that the joint meetin ...

Tags: Olympics, Asia

03/14/13
Aussie Olympic Team Works On Values

The team culture and values "will be given a higher priority in preparing the 2016 Australian Olympic team, in the wake of "well-publicised disciplinary issues within the once highly successful Australian swimming and cricket teams," according to Nicole Jeffery of THE AUSTRALIAN. The high performanc ...

Tags: Olympics, Australia

03/14/13
Indian Sports Minister Ready To Talk

India Sports Minister Jitendra Singh is ready to talk to the IOC "with an open mind" on the issue of suspension of the Indian Olympic Association, according to Mahendra Kumar Singh of the TIMES OF INDIA. The IOC has invited the minister for a discussion on the "contentious issue which is s ...

Tags: Olympics, India

03/14/13
Audit Report Says Sochi '14 Struggling

An official audit report revealed state overspending on Sochi '14 "amounts to more than half a billion dollars while the government has failed to provide a lasting legacy for sporting venues," according to the AFP. Russia's federal audit office "gave a damning verdict on preparations for the So ...

Tags: Olympics, Russia

03/14/13
Bribery Investiagation Targets BHP

BHP Billiton is the subject of a joint US-Australian bribery investigation into the firm's dealings with foreign officials, "including Chinese dignitaries wooed as part of a multimillion-dollar hospitality and sponsorship program for the 2008 Beijing Olympics," according to McKenzie, Baker & Gar ...

Tags: Olympics, Australia

03/14/13
Olympics Notes

Telekom and the Hungarian Olympic Committee have signed a new cooperation agreement. The deal, valid until the end of '16, states that Magyar Telekom will offer its telecom services as Platinum level sponsor the company assists the renewed Hungarian Olympic Committee achieving its objectives and the ...

Tags: Olympics

03/13/13
Vienna Votes Against Olympic Bid For '28

A public referendum revealed that the citizens of Vienna "have no interest in hosting the 2028 Olympic Summer Games," according to ORF. Almost 72% of voters voted against an Olympic bid. A total of 212,672 voted against, while only 82,940 were in favor of a Games bid. Overall, a total of 295,612 val ...

Tags: Europe, Olympics

03/12/13
Istanbul Sponsors Face Olympic Question

The top brass of Turkey’s business community "may be among the most excited" to see Istanbul win the 2020 Olympics, but any victory for the city "will force businesses to decide how they can advertise themselves to stand out amongst international competition," according to TODAY'S ZAMAN.  ...

Tags: Olympics, Asia, Europe

03/12/13
Olympic Notes

The Rio 2016 Organizing Committee has moved headquarters to a new sustainable building based in Cidade Nova. The new headquarters occupy an area of 20,938 square meters and will house the Rio 2016 and Municipal Olympic Company's teams until the Games are finished. The new building has rainwater harv ...

Tags: Olympics

03/11/13
'Dangerous' Sochi Track To Be Modified

The biathlon track for Sochi '12 has "very dangerous" features that could cause injury and must be modified, the head of the Russian Olympic Committee Sergei Zhukov said Sunday, according to IANS. The track is hosting its first major test event with a World Cup round "that has so far seen many falls ...

Tags: Olympics, Russia

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