POSTED: November 17th 2011
Incheon 2014: Asian Games to have US$1.62 billion budget with new program
LAURA WALDEN / Sports Features Communications
TAMPA: The organizers for the 17th Asian Games taking place in Incheon, Korea in 2014 have revealed that the overall budget will be set at US$1.62 billion.
The venue construction will account for 86 per cent of the total at US$1.393 billion, road projects will be 6 per cent at US$103 million, private venue construction will be 3 per cent at US$54 million, training venues will be 0.6 per cent at US$11 million, and other costs make up the last 4 per cent at US$59 million.
Of the total budget the Korean government will cover 19 per cent, the Incheon government 78.9 per cent, private 2 per cent and the neighboring city government will carry 0.1 per cent.
The announcement was made by the Incheon Asian Games Organizing Committee (IAGOC) during the Olympic Council of Asia (OCA) coordination committee meeting for the 17th Asian Games in 2014 and the 4th Asian Indoor and Martial Arts Games in 2013 in the host city.
It was also announced by IAGOC that the sports program for the Games had been trimmed down and the number of sports was reduced from 42 to 36 and consequently the number of venues from 53 to 49. This set a benchmark for future editions of the Games to make them more cost effective.
OCA’s Coordination Committee Chairman, Tsunekazu Takeda, said, “This can only be done with the understanding of many people,” said Takeda, President of the Japanese Olympic Committee. At the end of the meeting, he thanked IAGOC for their “extensive presentation, hard work and wonderful arrangements”.
“You have done a great job,” he added, “and all the comments and questions will be included in the planning and preparation for the Asian Games. Thank you for your warm hospitality,” he concluded.
The 61,000-capacity Main Stadium will be completed three months earlier in April of 2014 instead of July and it will host the opening and closing ceremonies plus athletics. Work is already underway as of June of this year and is expected to take 35 months for completion.
Also to note:
Ticketing: Number of seats available, 2.4 million; sales target, 1.8 million, or 75 per cent; on sale from September 2013.
Merchandise: Approximately 150 items in 11 categories, on sale from July 2012.
Ceremonies: Organisers have attended 18 Games to study and research ceremonies, including the 2011 Pan American Games.
Athletes’ Village: 13,000 athletes and officials, 16km from Main Stadium. Two people per room.
Media Village: 2,600 media, 16km from Main Stadium.
For more information contact:
Laura Walden ()
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