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1620 crore budgetary boost for 2010 CWG

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  • Commonwealth Games
    Commonwealth Games Organising Committee has been given a big monetary boost by the government.

    Hit by delays and escalating cost of infrastructure, the 2010 Commonwealth Games here received a massive budgetary boost on Thursday with the central government allocating Rs 1620 crore as loan to the Organising Committee of the event.

    "The Union Cabinet today approved the proposal of Ministry of Youth Affairs and Sports for providing a revised budget of Rs 1620 crore, as loan to the Organising Committee Commonwealth Games 2010, at the prevailing government rate of interest, for organising the CWG at Delhi during October 3 to 14. Budget approved earlier was Rs 767 crore," Information and Broadcasting Minister Ambika Soni told reporters after the cabinet meeting.

    Elaborating on the reasons for the budgetary hike, she said rising cost of opening and closing ceremonies, the increase in the number of days for Queen's Baton Relay – from 136 to 240 days for international leg and from 60 to 100 days for domestic leg -- were among the reasons that forced the increased allocation.

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    "Inclusion of new items that are essential for the successful delivery of the Games but were not provided in the initial budget of the OC, namely accreditation, city operations, sponsorship and TV rights, security, sustainability and environment and ticketing," she said. Cost escalation in respect of accommodation, catering, protocol and CGF relations, Queen's Baton Relay, rent for office of OC, communication, image and look technology, risk management, insurance and technical conduct of sports were also listed as reasons for budgetary hike.

    Besides, the Minister said, "the number of volunteers has gone up to nearly 30,000 and the cost of accreditation, catering, uniform etc on this account has also increased.”

    ... contd.

    Next12
    Success indeed!By: jatin | 05-Nov-2009 Reply | Forward What a nice cooperation between contractors, builders, bureaucrats and politicians. Let them loot the country and we will have a false pride of national prestige. I am sure whatever may happen in the CWG, it will be "astounding success" declared by our politicians. All the concerned politicians, builders and bureaucrats will have a world tour starting with Switzerland with their families. Success indeed.
    Budgets for CWG GamesBy: Himanshu | 05-Nov-2009 Reply | Forward The budget is doubled?? Wow...and is anybody going to be held responsible for it?? Will any jobs be lost?? If the same would have happened in the Corporate World..yes. In the Government..no. And the reasons are so flimsy...volunteers increased, length of Baton relay increased. In a country as poor as ours, money is wasted on such stupid causes and nobody is held responsible.
    CWG BudgetBy: Kumar | 05-Nov-2009 Reply | Forward Revised budget is approved, increase can be pooled from using 10 % of recovery from Koda.Balance please use develpoment in tribal areas.
    1620K CRORES FOR CWGBy: NIRANJAN | 05-Nov-2009 Reply | Forward THE DELAYING OF THE PROJECTS WAS ORCHASTRATED BY THE CONTRACTORS IN CAHOOTS WITH THE GOVT OFFICIALS TO MAKE THE GOVT. NERVOUS ABOUT THE COMPLETION OF THE CONSTRUCTION PROJECTS IN TIME FOR THE CWG. THIS WAY THE GOVT. DID THE BEST IT COULD DO, WHICH WAS TO THROW MORE MONEY AT THE PROJECTS, WITHOUT REALLY TAKING CARE OF THE DELAY PROBLEMS. I AM CERTAIN THE MAJORITY OF THE AMOUNT WILL WIND UP IN THE POCKETS OF CONTRACTORS AND GOVT. BABUs!
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