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Funds crunch for South Africa's World Cup cities
South African cities due to host the 2010 football World Cup have complained of funding shortfalls of billions of rand to build stadiums for the continent's biggest sporting event.
Estimates had swelled due to inflation, exchange rate fluctuations and rising input costs linked to shortages of skilled manpower and building materials, officials told a parliamentary sport committee.
"There is a big funding gap," Cape Town's 2010 administrator Mike Marsden told parliamentarians Tuesday.
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South African cities due to host the 2010 football World Cup have complained of funding shortfalls of billions of rand to build stadiums for the continent's biggest sporting event.
Estimates had swelled due to inflation, exchange rate fluctuations and rising input costs linked to shortages of skilled manpower and building materials, officials told a parliamentary sport committee.
"There is a big funding gap," Cape Town's 2010 administrator Mike Marsden told parliamentarians Tuesday.
(continue)
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