Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
South Africa 2010 Budget Grows by $700 Million
Reuters UK, October 27th, 2006 5:24PM

MOST READ

MOST COMMENTED

South Africa's 2010 World Cup budget is bloated; the most recent count for new stadiums, personnel and administrative costs is $2 billion, the National Treasury said on Wednesday. A little more than half the total will go toward the construction and upgrading of the nation's stadiums, as well as the development of the surrounding precincts. The rest will go to the host cities to help ramp up the woeful state of public transportation services available in South Africa's cities. This, by the way, is roughly $700 million more than the previous estimate the committee made just after South Africa won the bid to host the tournament. Deputy Finance Minister Jabu Molekti dismissed notions that the money being spent on stadiums and infrastructure, particularly the 70,000 capacity stadiums planned in Cape Town and Durban, will prove to be waste once the tournament is over. "2010 is an opportunity for government to invest in infrastructure, to improve the efficiencies of the host cities," Molekti told reporters. "We would still be spending money on infrastructure whether or not we had 2010." Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Nasri to Miss a Month Following Surgery     
Manchester City midfielder Samir Nasri will miss a month after having groin surgery over the weekend. ...
Herrera Out as Man United Injury Crisis Worsens    
Manchester United midfielder Ander Herrera will be out for "weeks" with a fractured rib in yet ...
Giroud Signs Gunners Extension    
Goal.com reports that injured Arsenal striker Olivier Giroud has signed a two-year contract extension with the ...
Defender Helped Finance Barca Move    
Barcelona defender Jeremy Mathieu on Monday confirmed that he paid three million euros out of his ...
Man United Mulls Midweek Friendlies Abroad    
The BBC reports that Manchester United is thinking about playing potentially lucrative midweek friendlies abroad since ...
Cole 'Never Expected' to Play Against Lampard in UCL    
AS Roma defender Ashley Cole said he was surprised to come up against former Chelsea teammate ...
Luis Suarez Ban Upheld in FIFA 15     
Barcelona striker Luis Suarez is not currently playable in the "career mode" of FIFA 15, the ...
Simeone: Juve a 'Final'    
It may only be Matchday 2 of the UEFA Champions League, but Diego Simeone is already ...
Report: Pardew's Job Safe-for Now     
Newcastle United is currently 19th in the Premier League table and winless in six games so ...
Life on the road with Badgers    
What's life like on the road in the fall for a Division I soccer player? For ...
>> Section 2 Around the Net Archives