Budapest Clears Next Hurdle In Bid To Host 2024 Olympics

  • 9 Dec 2016 5:45 AM
Budapest Clears Next Hurdle In Bid To Host 2024 Olympics
The International Olympic Committee (IOC) has approved the second round of documentation for Budapest’s bid to host the 2024 Olympic Games, Balázs Fürjes, the government commissioner for the bid, told MTI. The IOC, whose executive board is winding up a threeday meeting in Lausanne on Thursday, declared Budapest “a perfectly suitable city” that is “an equal competitor with Paris and Los Angeles”, Fürjes said.

The IOC also cleared the submissions of second-round documentation by Paris and Los Angeles. Budapest will submit the third round of documentation next February, Fürjes said.

“With steady and sustainable financial growth, Budapest is in the right position at the right time to deliver a low-risk and more affordable Games for the Olympic Movement. And, with the fastestgrowing tourism rate in Europe, we are the right city to create an electrifying atmosphere for athletes in full and vibrant venues,” Fürjes said in a release on the official website for the bid.

The IOC will decide on the venue of the 2024 Olympic Games in September 2017. Budapest’s stage two candidature file shows the total construction cost of venues to be used if it wins the right to host the 2024 Olympic Games would come to 2.76 billion US dollars.

Hosting the 2024 Olympic Games would generate 3.7 billion euros in revenue for Hungary and contribute 0.3 percentage point to GDP growth, Péter Szijjártó, the foreign minister, said earlier.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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