Sochi will be ready for Olympic Games – IOC president
Jacques Rogge, President of the International Olympic Committee, said that everything needed for the Olympic Games was prepared in Sochi, R-Sport reports.
Buenos Aires hosted the 125th session of the IOC on Saturday. The grand opening of the session will happen on Friday. Rogge will end his presidency in the organization and a new president will be elected on September 10. He reminded that 155 days had been left until the start of the Olympic Games (February 7-23, 2014).
The budget for construction of facilities and holding the Olympic and Paralympic Games in Sochi will total 214 billion rubles, as stated by Russian President Vladimir Putin. 100 billion rubles will be state financing and 114 billion rubles will be spent by private investors. The budget of the Sochi 2014 Organizing Committee will total 70 billion rubles, 80% of which were earned by the structure via successful marketing.