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Cost of 2014 Commonwealth Games rises by 81 million pounds | | The budget for the 2014 Commonwealth Games in Glasgow is to be increased by 81 million pounds. The organising committee
for the games said funding for the event would rise to a total of 454 million
pounds. The bulk of the extra cash will come from the Scottish government. The
city council will provide an additional nine million pounds. The Scottish government
will contribute an additional 39 million pounds, plus a further 20 million pounds
from a reserve fund. A total of 13 million pounds will be raised through commercial
activities. Glasgow 2014 Limited, said a number of factors including legislative
changes, and in particular rising broadcasting costs, had contributed to the budget
increase. The Scottish government will continue to make the case for the recovery
of 150 million pounds lottery funds diverted from Scotland to pay for the London
Olympics. |
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