EGP 283.6bn in total financing provided by regulated entities in Q1 2025: FRA    Giza Systems unveils ambitious growth strategy to boost regional, global presence    Israeli strikes intensify in Gaza as humanitarian system nears collapse    Finance Ministry to launch new export support programme in coordination with Investment Ministry    Egypt, Algeria, Tunisia revive Libya talks amid western fragility    Yoga Marathon in Cairo marks start of 11th International Day of Yoga events    Pakistan PM condemns fatal Balochistan attack; official killed    Indian embassy in Cairo launches "Yoga at Iconic Place" contest for 2025 IDY    Egypt declares June 5–9 public holiday for Eid al-Adha    Asian markets rise as Trump tariff authority overturned    US court blocks Trump's blanket tariffs    Egypt explores new mechanisms to secure local gas needs, ease import burden    EGP swings against US dollar in early trade    China pledges climate support, investments to Pacific Islands    Egypt inks deal with Cambridge to boost English education    Egypt's EDA discusses strategic pharma cooperation with Sanofi    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt's Sisi, Spain's Sánchez discuss Gaza, reject displacement of Palestinians    Egypt signs strategic partnership to advance orthopedic care with Zimmer Biomet    Egypt launches "Memory of the City" app to document urban history    New Alamein City to host Egypt International Sculpture Symposium, "ART SPACE"    Ancient Coptic structure with significant murals discovered in Egypt's Assiut    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt unearths rare Coptic-era structure in Asyut    Amun-Mes named as owner of Luxor's Kampp 23 tomb after 50-year mystery    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Olympics: Bach says 'impressed' with Queensland 2032 bid plans
Published in Ahram Online on 06 - 05 - 2019

International Olympic Committee president Thomas Bach has praised Southeast Queensland's early planning for a potential bid for the 2032 Summer Games after meeting with the mayor of Brisbane on Monday.
Queensland state capital Brisbane and nearby cities commissioned a feasibility study into hosting the Games but have yet to secure state and federal government support for a formal bid.
“I must say that we have been impressed to see how detailed the feasibility studies are already at this early stage and how well founded these studies are," Bach told reporters in Brisbane.
"Now it is up to the Australians to make their minds up, and to say whether they want to follow up on this project to host the Olympic Games."
With Paris hosting the 2024 Games and Los Angeles winning 2028, the 2032 Games is expected to go to an Asia-Pacific bid.
The IOC has suggested North and South Korea, who are still technically at war, could stage a joint bid in 2032.
Bach met with Brisbane mayor Adrian Schrinner, the chairman of the Council of Mayors South East Queensland, which commissioned the feasibility study.
The study found the Southeast Queensland (SEQ) bid could host a successful Games but would require extensive transport upgrades.
Bach said the IOC would at least match its 2028 funding contribution of $1.8 billion to the winner of the 2032 Games, which was more than the feasibility study had accounted for.
"At least so far we have no indication that this will be less for 2032," he said.
"I think this figure was new to the mayors and I could see them starting calculating in their heads and what this means for their feasibility study and for their budget."
Schrinner said he did not believe a decision on a formal bid would need to be made until 2020.
"The next step is getting the state and federal governments involved, we have been working closely with them already," he said.
The SEQ bid includes venue hubs in Brisbane, the Sunshine Coast and the Gold Coast, which successfully hosted the 2018 Commonwealth Games.
Gold Coast mayor Tom Tate said his city would be happy to make its facilities available for the SEQ bid but was reluctant to contribute funding.
"I said that we won't be adding any dollars towards the funding part because we did a lot of our heavy lifting during the Commonwealth Games as far as our funding and budget's concerned," he said.
"It's time that Gold Coast takes a break and lets Brisbane write the checks."
Bach is expected to meet Queensland state premier Annastacia Palaszczuk on Tuesday.
Australia last hosted an Olympics in Sydney in 2000.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)


Clic here to read the story from its source.