Financial Times FT.com

Cost of Canadian 2010 Winter Olympics escalates

By Bernard Simon in Toronto

Published: February 6 2006 16:42 | Last updated: February 6 2006 16:42

A construction boom in western Canada has sharply pushed up the cost of preparations for the 2010 Winter Olympics in Vancouver, forcing organisers to ask for a 23 per cent increase in financial support from federal and provincial governments.

The organising committee said on Friday that it now estimated the construction budget at C$580m ($505m), up from its 2002 estimate of C$470m. Some of the Olympic venues are located in Vancouver and others in the ski resort of Whistler, a two-and-a-half hour drive to the north.

Canada

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