Estimated Revenue through CWG-2010

The Commonwealth Games Organising Committee has agreed to reimburse Government from revenues generated by ticket sales, sponsorship, advertising etc., for the moneys made available to the Organising Committee. This was stated by Dr. M.S. Gill, Union Minister of Youth Affairs & Sports in the Rajya Sabha today, in a written reply to a question by Shri Mani Shankar Aiyar.

The Minister of Sports further stated that the expected revenue generation as estimated by the Organizing Committee(OC) is Rs. 1,708 crore. The total estimated expenditure to be incurred by the Organizing Committee (OC) on the Conduct of the Commonwealth Games – 2010 including Overlays, Timing, Scoring, Result System and Games Time Sports Equipment is Rs.2394 crore. The net expenditure to be incurred by the Government will be clear, only after actual figure of revenue generation are known and final settlement of accounts takes place.

Indian Olympic Association (IOA) had estimated, in 2003, an expenditure of Rs.655 crore for organising the Commonwealth Games, 2010. The present estimates for organising the Commonwealth Games, 2010 have been reflected at Rs.11,494 crore, which includes, apart from expenditure of Sports Infrastructure and Conduct of the Games, also expenditure on Security, Broadcasting, Telecommunication, Training of Sportspersons, allocation to Government of Delhi etc. , the Minister added.

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RM/JL
(Release ID :63757)