Organizers of Birmingham Commonwealth Games announced the game will have a budget of 778 million Euros. It game will take place in 2022.
Finalizing of the budget was one of the key outstanding tasks for Birmingham 2022, which is having to meet the challenge of delivering the games with significantly truncated timescale, after the hosting rights were withdrawn from the South African city of Durban in March 2017 and awarded to Birmingham in December 2017.
Projections at the time had outlined a budget of 750 million euros. This has increased by 28 million with around three quarters of the public funding, which includes contingency, to be met by central government 594 million euros, with Birmingham city council’s financial position have been described as “immensely serious” by a government-commissioned independent panel earlier in 2019. However, local officials have pointed to the wider benefits afforded by the staging of the commonwealth games.
Ian Reid, chief executive for Birmingham 2022, added, “The 778 million of public funding not only covers our costs for delivering the Games but a portion of this money will be invested in a couple of our key values, covering some of the costs relating to the redevelopment of the Alexander stadium and the building of the brand new Sandwell Aquatics center.”
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