Wednesday, March 19, 2008

Staggering Cost of 2010 World Cup


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 ...

$3.7 BILLION!!!


Original estimates had been as low as $295 million, but costs have risen steadily.
You think???

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 ...

2 comments:

Dumuro said...

See here or here

Mangosuthu said...

I was browsing through your blog posts and I see that you have an interest in South African Tourism as well. I came across a site that you may want to check out:

http://www1.southafrica.net/cultures/sv-se/consumer.southafrica.net/

Since you have some information about South Africa on your site already, it might be interesting for you to know SouthAfrica.net is also doing some innovative work on the Google Earth layer. Google themselves are quite impressed with what has been achieved by SA Tourism. As a topic, it could make for an interesting piece on how to get the best information about destinations in South Africa and be able to see the stadium sites. Go to http://www.thetimes.co.za/Entertainment/Article.aspx?id=777607 to know more or http://earth.southafrica.net/ to try it out.