The budget of the Paris Olympic and Paralympic Games Organizing Committee has been increased by 111 million euros.
© REUTERS/Gonzalo Fuentes
The budget of the Organizing Committee of the Olympic and Paralympic Games in Paris will be inflated by 111 million euros, allocated by the State and local authorities. In a joint statement with the government, the organizers of the Olympic Games of 2024 announced the news on Friday, relayed by Agence France-Presse. The budget for the sporting event now stands at 4.380 billion euros, including a public share of “ 3 to 4% “, Stipulated Tony Estanguet, the president of the organizing committee of the Olympic Games (Cojo) during a press briefing. The organization of the Paralympic Games, already beneficiaries of 100 million euros of public money, will benefit from 71 million euros of this envelope. The state’s participation in this part has not been disclosed by the Ministry of Sports.
The State, which ensures that these investments will be used beyond the tests and ceremonies of Paris 2024 will also allocate 12 million euros to sports equipment (mats, baskets of sneakers and others). In addition, 8 million euros will be earmarked for the fight once morest doping, and 5 million euros will be allocated to the Olympic routes. Fifteen million are also planned for redevelopment projects ».
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Growing expenses and income
As for expenditure, the budget is “ up 30 million euros », or 130 million euros for the four Olympic and Paralympic ceremonies. The line dedicated to security goes from 295 million to 320 million euros. Tony Estanguet claimed that savings have been made ” on all sides », such as the decision to open the Olympic Village four days following the initial date. Regarding income, the chairman of the Games organizing committee mentioned ” 127 million euros ” in additional revenue from partnerships and noted an increase of 143 million in ticketing revenue thanks to “ optimization of gauges ».
