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Australian government to share 2032 Olympic and Paralympic Games cost

Australian Prime Minister Scott Morrison has agreed to financially support the Queensland Government to host the 2032 Olympic and Paralympic Games.

Australian government to share 2032 Olympic and Paralympic Games cost

Morrison will provide billions to Queensland, who in return would agree to co-own, fund and run the Olympic Infrastructure Agency (OIA) in order for both governments to have a fair say in the running of what Morrison called “the People’s Games.”

It will also help fund the security, visa assistance and any taxation issues, to help strengthen Brisbane’s chances of hosting this event.

Morrison issued a statement explaining that the funding would be used to help build venues, road and transport projects: “We have always believed in the potential of the 2032 Olympic Games for Queensland and Australia and it’s important we maintain momentum to win this bid.

“Backing the Queensland bid means more jobs, better infrastructure and more tourism dollars. Just like the Sydney 2000 Games, the Queensland bid has the opportunity to reshape our country.

“All levels of government must work together and take the politics out of each decision.

“Our offer is for a genuine partnership, with shared costs and shared responsibilities, working together to make this the best Olympics on record.

“It provides a platform for bipartisan support at every level of government and lets those who we will jointly appoint to get this job done, to just get on with it.

“I back it because I believe it is good for Australia and the future of the Sunshine state.”

With Queensland, also known as the Sunshine State, now given the preferred status by the International Olympic Committee (IOC), Queensland Premier Annastacia Palaszczuk said: “The Olympics give us something to hope for.

“It’s about jobs and the economic opportunities that it represents for our state for the decades to come.

“Sydney had the Olympics in 2000, now it’s Queensland’s time to shine.”

The final decision is set to be taken next year. Meanwhile, the Queensland government is in the process of refurbishing the Gabba in an AUS$1 billion project.

The arena, which would hold the opening and closing ceremony and the athletics events, will be upgraded from 8,000 seats to 50,000 and will also include a new pedestrian plaza which will link the stadium to the currently under construction, Cross River rail station.

The Brisbane Lord Mayor Adrian Schrinner also had his say: “This federal funding agreement is far more generous than what was offered to Sydney for the 2000 Olympics and it’s a massive win for Brisbane and Queensland.

“A successful Olympics bid will bring unparalleled benefits to our region, catalysing the development of much-needed infrastructure, boosting our local economy and providing jobs for residents, all while putting the world’s eyes on Brisbane.”

Author: Jake Wilkin