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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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09/28/12
Sochi Stands To Be The Best

There is a consensus among those doing preliminary site inspections that the 2014 Sochi Winter Olympic Games "are shaping up to be spectacular," according to Scott Burnside of ESPN.com. U.S. men's hockey GM Brian Burke was in Sochi last spring and told ESPN.com he thinks the 2014 Games could be "the ...

Tags: Olympics, Russia

09/28/12
Olympic Notes

The Bulgarian Ministry of Sports and Youth is "mulling serious changes" in the way sports are financed in the country after a London Games performance "largely deemed a failure." Among the changes would be decreasing the funding for the federations for Olympic training by BGN 6-7M ($4-$4.6M) in '13 ...

Tags: Olympics

09/27/12
Sochi 2014 Announces Slogan

Organizers of the '14 Sochi Games celebrated the 500-days-out mark yesterday by unveiling the event's official slogan: "Hot.Cool.Yours." SOCOG President & CEO Dmitry Chernyshenko said that the slogan is "aimed to bring more foreigners to Sochi and also make Russians proud." He noted that ...

Tags: Olympics, Russia

09/25/12
British Volunteers To Get Olympic Money

Volunteering groups from the London Games are set to receive millions of dollars from the Big Lottery Fund, according to Jasper Copping of the London TELEGRAPH. The community organization is set to "receive a share of the proceeds" worth up to £40M ($65M) when the former athletes' apartments i ...

Tags: Olympics, United Kingdom

09/24/12
Rio Employees Fired For Stealing

The Organizing Committee of the Rio 2016 Olympic Games "fired 10 employees for downloading data without permission from computers at the London Games," according to Pedro Fonseca of REUTERS. On Friday, a statement by the committee said that the employees were working at LOCOG, "as part of the partne ...

Tags: Olympics, Brazil

09/14/12
IOC And IOA On Collision Course

The Indian Olympic Association is objecting to the IOC's "dictate" that it should "hold its election due next month under the supervision of the world body," according to the PTI. The IOC had written two letters stating that "the election process of the IOA would have to be held in strict compliance ...

Tags: India, Olympics

09/13/12
Island Disputes Could Affect Tokyo 2020

The vote to determine the host of the 2020 Olympic Games is less than one year away, and Tokyo's chances of landing the event "could slip away in the wake of Japan's ongoing involvement in island disputes with South Korea, China, Russia and Taiwan," according to Gallagher & Odeven of THE JAPAN T ...

Tags: Olympics, Japan

09/13/12
No Track-Side Ads In Olympic Venues

A senior IOC official revealed that leading sponsors will "not be allowed to advertise their brands at Olympic venues" as they could when the sites were used for the Paralympics, according to Keith Weir of REUTERS. IOC Dir General Christophe De Kepper said the 11 global sponsors of the Games were ha ...

Tags: Olympics

09/12/12
LOCOG Withholds G4S Olympic Payment

Security firm G4S has not been paid for its Olympic Games contract since July 13, shortly after it emerged that it "was unable to provide enough security guards for the Games," according to Kuchler & Warrell of the FINANCIAL TIMES. LOCOG CEO Paul Deighton told MPs the company had been paid &poun ...

Tags: Olympics, United Kingdom

09/11/12
Huge Crowd Cheers British Olympians

London Mayor Boris Johnson described Monday's Olympic Parade in the streets of London as the "final tear sodden juddering climax" to a summer of sport, according to Alice Philipson of the London TELEGRAPH. Johnson praised the athletes for "bringing the nation together," as athletes aboard floats rec ...

Tags: Olympics, United Kingdom

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