Australian government provides financial support for Brisbane 2032 Olympics plan
The Australian federal government has provided funding guarantees to the International Olympic Committee for Brisbane's bid to host the 2023 Olympic Games.
The government confirmed yesterday that it would cover half of the cost of the games with the rest coming from the administration in the state of Queensland.
Brisbane, the Queensland state capital, was named preferred bidder for the 2032 Olympics in February, and could be confirmed as host by July.
The federal government confirmed its support just over an hour before the IOC deadline on Monday.
Australian prime minister Scott Morrison announced the federal government will split the costs of the Olympics with the Queensland government, including venues, roads and transport projects.
The federal government’s half of the funding is predicted to amount to billions of dollars, compared to its A$150 million (now $117 million) contribution to the Sydney 2000 games.
The proposed demolition and rebuild of the Gabba, the famous cricket ground that would host the opening and closing ceremonies and athletics is expected to cost A$1 billion.
Morrison stated Queensland needed to agree to a jointly owned and funded Olympic Infrastructure Agency to give the federal government equal say in planning the Games.
He wrote: “Backing the Queensland bid means more jobs, better infrastructure and more tourism dollars. Just like the Sydney 2000 Games, the Queensland bid has the opportunity to reshape our country.
“All levels of government must work together and take the politics out of each decision. Our offer is for a genuine partnership, with shared costs and shared responsibilities, working together to make this the best Olympics on record.”
“I back it because I believe it is good for Australia and the future of the Sunshine State."
Annastacia Palaszczuk, the Queensland premier, claimed the state had a strong track record of delivering major projects with the federal government.
She said: “We do this around Queensland with a whole range of projects, and we can definitely do it when it comes to the Olympics.”
Palaszczuk said Thomas Bach, the president of the IOC, looked at Brisbane’s guarantees on Monday.
The next three editions of the summer Olympics are in Tokyo this year, in Paris in 2024 and in Los Angeles in 2028.