Sehar Timings Mar 30 - Ramazan 19

Lahore
LHR
04:35 AM
Karachi
KHI
05:11 AM
Islamabad
ISB
04:37 AM
Peshawar
PWR
04:41 AM
Quetta
QTA
05:06 AM

News

French authorities chip in 111m euros for 2024 Olympics

December 3, 2022 01:02 AM


French authorities said Friday they will increase their contribution to the 2024 Paris Olympic and Paralympic organising committee (Cojo) by 111 million euros ($117m).

National and local government were heeding a request from Cojo, which said on November 21 that they needed to lift their budget estimate 10 per cent from 3.98 billion euros to 4.48bn euros, partly as a result of inflation.

Cojo are due to finalise the budget for running the Games at a board meeting on December 12.

The French government has been funnelling its contribution through Solideo, the public company in charge of building projects.

Cojo is meant to be self-funding but had already received 100 million from the national government, ear-marked for the Paralympics.

National, Parisian and regional governments are all contributing but said they had not yet agreed who was paying how much.

They did say extra cash includes 71 million euros more for the Paralympics, 12 million for "sports equipment", 15 million for regional "redevelopment projects" and eight million for anti-doping.

With Cojo pressing ahead with an ambitious opening ceremony on the Seine, they said the budget for the four Olympic and Paralympic ceremonies is "up 30 million euros to 130 million euros".

Cojo said sponsorship and ticket sales were ahead of projections.

Tony Estanguet, the Cojo president, said that inflation would be reflected in the prices of tickets for prime sessions and that the plan for free transport for the spectators, had been dropped.



Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Sahiba meets her father for the first time Sahiba meets her father for the first time
  5. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  6. ‘Khaie's incredible ending receives rave reviews and big applause ‘Khaie's incredible ending receives rave reviews and big applause

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer