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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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03/06/13
Tokyo 2020 Bid Gaining Support

British Olympic Association President Sebastian Coe said that the ability of Tokyo, Istanbul and Madrid "to provide a convincing reason why they want to stage the Olympic Games and not just prove that they can will be the key to winning the right to host the 2020 edition," according to REUTERS. Coe ...

Tags: Olympics, Japan

03/06/13
Greece Offers Turkey Help In Games Bid

Greece has "offered its support" to regional rival Turkey’s bid to host the 2020 Olympics, according to the AP. The prime ministers of both countries "signed an agreement pledging to cooperate" on Istanbul’s latest bid for the Games. The accord was signed by Turkish PM Tayyip Erdogan and ...

Tags: Olympics, Europe

03/06/13
Olympic Notes

Russian bank Sberbank "has put a rectangular commemorative coin on sale featuring one of the three mascots of the Sochi 2014 Winter Olympics -- the polar bear." The coin is the second in a series to display the mascots after last year's version featured the snow leopard ( R-SPORT, 3/5 ). ... The ...

Tags: Olympics

03/05/13
Swiss Exit A Possible Boost For Munich

The German Olympic Sports Association (DOSB) said that Munich's chances of landing the 2022 Winter Olympics, should the Bavarian capital bid again, "have improved by the rejection of a Swiss bid," according to Karolos Grohmann of REUTERS. Munich "was squarely beaten" by South Korea's PyeongChang for ...

Tags: Olympics, Europe

03/05/13
Japan PM: Tokyo An Inspirational Choice

Japan PM Shinzo Abe told Olympic officials on Monday that "Tokyo would be an inspirational choice to host the 2020 Olympic Games," with Japan keen to showcase its recovery from a devastating '11 earthquake and tsunami, according to Elaine Lies of REUTERS. Abe made sure that an in ...

Tags: Olympics, Japan

03/04/13
Sochi Behind On Olympics Construction

The estimated $50B being spent to prepare the Russian Black Sea resort to host the 2014 Winter Games, makes the $40B spent in readying Beijing to host the 2008 Summer Games look "positively restrained," according to Nicole Jeffery of the AUSTRALIAN. Of that "extravagant total," it is estimated that ...

Tags: Olympics, Russia

03/04/13
St. Moritz And Davos Bid Rejected

St. Moritz's plans to bid for the 2022 Winter Olympics jointly with nearby Davos "were narrowly rejected by the public in a referendum on Sunday," according to Brian Homewood of REUTERS. The referendum was held in the entire Swiss canton of Graubuenden, where both towns are located, and 52.66% of vo ...

Tags: Europe, Olympics

03/04/13
Tokyo Prepares For IOC Evaluation

With the IOC's Evaluation Commission ready to start its four-day inspection tour on Monday, Tokyo "will face an uphill battle due to a number of factors that could work against it in the coming presentations to the IOC commission," according to KYODO. The evaluation commission will examine Tokyo and ...

Tags: Asia, Olympics

03/04/13
Wall Street Execs Fight For Wrestling

It is a cause that "unites some of Wall Street’s top financiers with the presidents of Russia and Iran -- the struggle to reinstate wrestling as an Olympic sport," according to Roger Blitz of the FINANCIAL TIMES. The IOC "unleashed hell and fury from wrestling’s numerous global outposts ...

Tags: Olympics

03/01/13
International Broadcasters Gather In Sochi

Rights-holding broadcasters for the 2014 Olympic Winter Games have gathered in Sochi for the second World Broadcaster Meeting, which is being held through Saturday. More than 200 representatives of int'l broadcasters have traveled to the Russian host city to view the broadcast facilities that will b ...

Tags: Olympics, Russia

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