Thursday, March 19, 2009

More Money Needed for Stadium Construction

Stadium construction is climbing high over original estimates.

"South Africa's 2010 World Cup preparations have been hit by overruns in stadium construction costs, but all venues are on track to be completed on time, a government official said Wednesday."

"Stadium construction costs have ballooned from 7.8 billion rand (985 million dollars, 660 million euros) in 2004 to 9.2 billion."

"Moleketi emphasised that Nelson Mandela Bay stadium in Port Elizabeth, which was recently excluded from hosting the Confederations Cup in June 2009 due to construction delays, will be ready for 2010."

Cost for SAfrica 2010 World Cup stadiums shoot up
August 13, 2008