Saturday, March 6, 2010

Soccer City 1 Billion Rand Over Budget

Johannesburg's Soccer City stadium renovation has cost more than one-third more than initially estimated.

Johannesburg city councilman Parks Tau said Soccer City - the largest stadium built for a football World Cup, with a capacity of 90 000 - had gone R1 billion over budget to cost R3.2bn.

The venue, which will host the opening and closing matches of the June 11-July 11 tournament, was handed over to the city by the Aveng construction group with 99 days to go before it kicks off.

Soccer City R1bn over budget
Independent Online
March 3, 2010