SYDNEY : The Australian federal government and the Queensland state government said on Friday they would spend a combined A$7.1 billion ($4.9 billion) to build new venues and refurbish existing ones ahead of the 2032 Olympics in Brisbane.The federal government will provide A$2.5 billion for the developmen
SYDNEY : The Australian federal government and the Queensland state government said on Friday they would spend a combined A$7.1 billion to build new venues and refurbish existing ones ahead of the 2032 Olympics in Brisbane.
Sixteen new or upgraded venues will receive A$1.87 billion in co-funding on a 50/50 basis between the two governments, Prime Minister Anthony Albanese and Queensland state Premier Annastacia Palaszczuk said during a joint media conference. Brisbane will become the third Australian city to host the Summer Olympics, after Melbourne in 1956 and Sydney in 2000.
Total cost for the games has been revised upwards to A$7 billion from A$5 billion but Palaszczuk said she will not seek any future funding from the International Olympic Committee.
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