Monitoring Desk
Paris:The cost of hosting the 2024 Olympics in Paris is at risk of running half a billion euros over budget and some sites may not be ready in time if plans are not revised, a French government report warned on Friday.
The report by finance, sports and infrastructure inspectors called for Olympic village plans to be revised to take account of remnants of archaeological value at the site, a residency for migrants and a high school. It said plans for a media village should be scaled down and it warned that the swimming centre and surrounding developments were at risk of running as much as €170 million over budget.
Recommendations
“At this point the total potential risks identified by the cases under consideration stand at €500 million,” the report said, adding the figure could be kept to €200 million if its recommendations were followed.
