Exclusively available inside The International Herald Tribune in Greece and Cyprus  
  Wednesday March 31, 2004 - Archive
Current Edition | Athens Stock Exchange | Useful Information | Greek Edition | Site Search  
  Search
Home page
ENGLISH EDITION
Date
31/03/2004  
Frontpage
News
Commentaries
S/E Europe
Features
Business. & Fin.
Arts & Leisure
Sports
Weather
Classifieds
Cartoon Archive
  RSS
INFORMATION
Company Profile
Health & Emergency
NEWS
Olympic spending ‘out of control’

Spending for the August Games has soared out of control, with costs for the main Athens Olympic complex already 50 percent above the initial budget, the government said yesterday.

Alternate Culture Minister Fanni Palli-Petralia, who oversees Olympic preparations, told a press conference that the previous, Socialist, administration had exceeded the stated 4.6-billion-euro Olympic budget. But she said she could not yet provide detailed figures.

“The previous government had lost control,” she said. “There are data that have been verified by [state] agencies. We are taking stock, and have written to all ministers so as to receive a general picture. All the budgets have been revised upward.”

Asked to say to what extent the initial 4.6-billion budget — which the previous government strenuously insisted that it had stuck to — has been exceeded, Palli-Petralia said she could not offer “an overall estimate at this point.”

“All the codes for the projects must be checked. But the budget has been exceeded. At the Olympic Stadium, the budget has been exceeded by over 50 percent.”

Former culture minister Evangelos Venizelos issued a statement insisting that the bill would not exceed 4.6 billion euros.

“According to the law on public works, separate projects may present increases or reductions of the initial budget,” he said. “But these variations are all taken into account and the overall budget remains at 4.6 billion euros.”

While complaining that several projects were behind schedule, Palli-Petralia expressed optimism that the Games would be successful. And she stressed that the government “is doing all that is humanly possible on the matter of security.”

Print article | e-mail


[ Front Page ] [ News ] [ Commentaries ] [ S/E Europe ]
[ Features ] [ Business & Finance ] [ Arts & Leisure ] [ Sports ]
[ Subscriptions ] [ Editor ] [ Webmaster ]
Company Profile | Health & Emergency

News
In Brief
Longest night in Cyprus talks
Thorns on the path toward reunification
Olympic spending ‘out of control’
Flame comes to Athens today
Country life makes Greeks fat
Ukrainian painter held for 1995 blast
Troops unmoved by plan
‘Athens must bridge the WMD gap’

English Edition - Greece's International English Language Newspaper
Exclusively available inside The International Herald Tribune in Greece and Cyprus
© 2008 H KAΘHMEPINH All rights reserved.