SA 2010 could cost $3.7 billion

surce: BBC Sport

Hosting the 2010 FIFA World Cup could cost South Africa $3.7 billion, according to the organisers.

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

In 2006, the projected cost of hosting the event had soared to just over $1.5 billion.

The country’s Deputy President has warned that government spending will not be “open-ended.”

A bigger building programme 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.

The government has also been using the tournament to [continue reading]



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