Wednesday, March 19, 2008
We all knew the 2010 World Cup in South Africa would cost many millions of dollars to stage.
But who knew it would cost this much?
According to Cup organizers, the 2010 World Cup could cost South Africa $3.7 billion.
You didn't read that wrong ...
Original estimates had been as low as $295 million, but costs have risen steadily.
So why the rise in costs?
A bigger building program and rising costs for raw materials have contributed to the expanding budget.
New stadiums in Cape Town and Durban were added to the construction plans after the initial bid.
Also, the government's been using the tournament to help fund transport infrastructure and other services.
$2.5 billion has been allocated to infrastructure development.
It's an amazing amount of money ...
Will it be worth it?
South Africa better hope so ...