Paris 2024 will analyze its risks of additional costs caused by the crisis

The actors of the Paris 2024 Olympic Games will start "before the end of the year" a review of the risks of additional costs caused by the Covid-19 crisis and are ready to consider reducing the number of athletes, said on Wednesday a source at the Elysée after a meeting on the subject.

"There may be a debate that the International Olympic Committee (IOC) is ready to hear on the number of athletes (10,500 for Paris 2024) it sends to the Games and on the manner in which a certain number of disciplines are organized ", The Elysian source reported to several journalists, after this meeting between the President of the Republic Emmanuel Macron and the bosses of the IOC and the Organizing Committee of the Paris 2024 Olympic and Paralympic Games (Cojo), Thomas Bach and Tony Estanguet.

For Paris 2024, “there are a lot of subjects to question” via @ 20minutesSport https://t.co/Xpa4JRchJg

According to this source, "the number of qualified in a discipline" has consequences on the costs or "the size of the Olympic village", which must be built by 2024 in Saint-Denis, where the number of beds planned has already been reduced from 18,000 to 15,000. Still according to the same source, the IOC is "ready to adjust (its) specifications" on the quality of services during the Olympic Games.

The budget for the Paris 2024 Olympic Games is currently 6.8 billion euros: 3.8 billion for the “organization” budget of the Cojo, which corresponds almost entirely to private revenue (sponsors, ticket office, contribution of the IOC) and 3.1 billion investments, including 1.5 from the State and communities, in perennial equipment, in particular the Olympic village and the media village, transformed after the Olympic Games into housing districts, and the Olympic aquatic center, all built in Seine-Saint-Denis.

"Territorial rebalancing"

But with the impact of the health crisis on the world economy and the postponement of the Tokyo Olympics to the summer of 2021, the Cojo risks having to rely on more modest revenue from sponsors and the yards could cost more, because cost overheating in construction.

Emmanuel Macron, Thomas Bach and Tony Estanguet "together considered that it was relevant in the coming months, before the end of the year in any event, that the Cojo, with the local authorities" and the State " can look at how collectively we can minimize any risk of additional cost, always keeping in mind this concern for heritage, environmental and urban, "said the source Elyos.

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Important milestone with President @EmmanuelMacron and IOC President Thomas Bach then with @Anne_Hidalgo to reaffirm our ambition to realize # Paris2024 Games: sustainable 🍀, useful 🤝 which mobilize the best of our country 🇫🇷

The figure of 10% of the Cojo budget, ie 300 to 400 million euros, has been mentioned, added the Elysian source, but more as "options that we are likely to activate if we saw that the economic situation was deteriorating. " "It is not necessarily this type of amount that will be saved."

In addition, "there was no mention of a particular site" and Emmanuel Macron insisted on the issue of "territorial rebalancing of Ile-de-France development", while elected officials in Seine-Saint-Denis were are worried about paying for any savings on the sites.

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