to keep within budget
Spiralling costs a major risk for Paris Olympics
Spiralling costs a major risk for Paris Olympics
Paris - Arab Today
Now that the way is clear for Paris to host the 2024 Olympics, one of the organisers' biggest challenges will be to keep within budget -- a task that has defeated many of its predecessors.
The French capital has set a relatively modest budget of 6.6 billion euros (US$7.9 billion), but London in 2012, Athens in 2004 and Sydney in 2000 all saw their budgets for hosting the Summer Olympics at least double from the time of their bids to the final bill.
The budget-busting reached its peak with the 2008 Beijing Games for which costs ballooned to a vertiginous 32 billion euros, more than ten times the original budget.
Vladimir Andreff, a sports economist at Paris' Sorbonne University, described Olympic budget inflation as "the curse of winning an auction".
"In theory, the winner of an auction is the most optimistic participant and the one prepared to outbid everyone else," said Andreff, one of three experts who contributed to a financial impact study commissioned by the Paris bid team.
"And when there are a lot of competing cities, the winner is trapped."
Source: AFP
GMT 13:54 2017 Thursday ,14 September
Rundown Paris suburb dreams of Olympic transformation
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:05 2016 Saturday ,22 October
Kuznetsova retains Moscow title to claim Singapore spot
GMT 12:42 2017 Friday ,24 March
Chinese dairy stocks crash 90% in Hong Kong
GMT 08:37 2017 Tuesday ,11 April
Kuwait's humanitarian work praisedGMT 00:09 2011 Thursday ,01 December
Garden Landscaping Styles and Ideas
GMT 11:05 2017 Monday ,20 February
Paris Saint-Germain frustrated by ToulouseGMT 08:59 2011 Wednesday ,21 September
Why gold is so high and Obama so low
GMT 03:44 2017 Wednesday ,20 September
US told Turkey YPG militia would not stay on in Raqqa
GMT 18:09 2017 Sunday ,29 January
18 ISIS Militants Killed in Northern Syria
GMT 23:35 2016 Sunday ,04 December
Egypt, Slovenia trade volume hits 83m during first half of 2016
GMT 10:33 2014 Saturday ,11 October
Drinking coffee daily may improve liver health
GMT 17:19 2017 Sunday ,19 November
Revolutionary Guards commander, fighter killed
GMT 17:58 2017 Thursday ,15 June
Egyptian media host reveals violations committed by Qatar to organize World Cup
GMT 10:57 2016 Tuesday ,05 January
'Game of Thrones' author says latest installment delayed
GMT 12:00 2017 Saturday ,11 November
Pakistani Community Keqiao celebrates Allama Iqbal birth anniversary
GMT 12:10 2015 Monday ,01 June
Increasing dietary fiber can help reduce risk of diabetes
GMT 09:39 2017 Monday ,14 August
MP reveals details of Cairo meeting
GMT 08:14 2017 Saturday ,11 March
Pliskova squeaks past Puig at Indian Wells
GMT 19:45 2017 Wednesday ,25 January
Israeli Navy Attacks Palestinian Fishermen Off Gaza
GMT 02:40 2017 Wednesday ,25 January
Suspected Daesh scout for Berlin attack sites goes on trial
GMT 20:26 2017 Monday ,24 July
Saudi Arabia supports Kuwaiti measures to keep security
GMT 20:36 2017 Monday ,27 March
Cambodia arrests over 6,100 drug suspects in 3 months
GMT 17:21 2017 Friday ,10 February
23rd Annual Casablanca International Book Fair Kicks Off
GMT 20:46 2017 Wednesday ,04 October
Trump says he has 'total confidence' in Tillerson
GMT 18:31 2017 Thursday ,13 April
Economy Minister Calls for Strengthening Investment Relations between Qatar and South Africa
GMT 12:54 2017 Monday ,06 March
JPMorgan scouting Dublin, Frankfurt for post-Brexit EU hub
GMT 11:26 2017 Friday ,06 October
FC Barcelona, Iniesta urge dialogue
GMT 07:14 2017 Friday ,17 February
Comic-Con opens in Saudi: Chance to be 'free'
GMT 13:13 2017 Saturday ,25 November
HRH Crown Prince condoles with Egyptian President
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor