The City of Cape Town still needs R570-million to pay for it.
The price of the stadium - the biggest single cost of hosting the 2010 World Cup in Cape Town - has increased by almost R1bn a year from its initial estimation of R1.2bn in February 2006.
It has even exceeded the maximum estimate of R4.18bn which an assessment of alternative stadium sites in July 2006 determined a new stadium would cost.
South Africa, are we ready?
Independent Online
June 11, 2009
