Trooper_IHB
New member
<a href="http://www.walletpop.com/article/_a/bbdp/whats-the-real-value-of-a-gold-medal/143895?icid=100214839x1207984071x1200443894">The real value of a "gold" medal </a>
Olympics
- Thread starter Shooby_IHB
- Start date
graphrix_IHB
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w00t! We won the gold for mens and womens basketball.
Nuff said, we rock!
Nuff said, we rock!
no_vaseline_IHB
New member
Just sour grapes. The Chinese were gracious hosts. The venues were wonderful. The games were awesome. I can't wait for London, but there is NO WAY England is going to spend $40 billion on it the way the chinese did.
momopi_IHB
New member
[quote author="no_vaseline" date=1219804264]Just sour grapes. The Chinese were gracious hosts. The venues were wonderful. The games were awesome. I can't wait for London, but there is NO WAY England is going to spend $40 billion on it the way the chinese did.</blockquote>
They estimate the cost to date is 280 billion RMB ($40.9 billion USD) in infrastructure, transport, and ecology around Beijing, $2 billion USD for Olympic operations, and $1.9 billion USD for construction of the sports facilities. This is not counting economic loss resulting from factory shutdowns and keeping cars off the road for the month.
The people's daily newspaper reports that the cost of the Beijing Olympic venue (Olympic operations) was $13 billion RMB ($1.8 billion USD), cost of constructing the national stadium (the 91,000 seat bird's nest) was $3.5 billion RMB ($486 billion USD). Cost for other facilities were not cited, but it's reported that a total of 31 venues (facilities) were prepared for competitions, and 45 for training.
I'm a bit iffy with lumping the whole infrastructure improvement cost into the Olympic games budget. IMO the Olympics was used as a justification on infrastructure overhaul. New passenger terminal for Beijing Capital International Airport, Beijing subway expansion, road/expressway construction, etc. If anyone thinks the $40 billion cost was excessive, in comparison Taipei's MRT (light rail passenger) system alone costs $31.8 billion USD, and the Beijing-Shanghai express railway was 200 million RMB ($25.6 billion USD).
India is hosting the Commonwealth Games in 2010, and spending at least Rs 65,000 crore on the event. Of which only Rs 2,300 crore is actually budgeted for sports venues. The rest is going into infrastructure, such as 19-km expressway from the city to the airport, and Rs 20,000 crore on the metro system.
So if you're wondering where China's $40 billion plus Olympic budget went, less than $4 billion went to the games, and the bulk of it went to building stuff like this:
<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a2/Beijing-Subway-Plan.png/600px-Beijing-Subway-Plan.png" alt="" />
<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/2/2d/Beijing_Terminal_3.jpg/800px-Beijing_Terminal_3.jpg" alt="" />
London is not going to spend $40 billion dollars, unless if they intend to rebuild their underground rail to reach Hogwarts.
They estimate the cost to date is 280 billion RMB ($40.9 billion USD) in infrastructure, transport, and ecology around Beijing, $2 billion USD for Olympic operations, and $1.9 billion USD for construction of the sports facilities. This is not counting economic loss resulting from factory shutdowns and keeping cars off the road for the month.
The people's daily newspaper reports that the cost of the Beijing Olympic venue (Olympic operations) was $13 billion RMB ($1.8 billion USD), cost of constructing the national stadium (the 91,000 seat bird's nest) was $3.5 billion RMB ($486 billion USD). Cost for other facilities were not cited, but it's reported that a total of 31 venues (facilities) were prepared for competitions, and 45 for training.
I'm a bit iffy with lumping the whole infrastructure improvement cost into the Olympic games budget. IMO the Olympics was used as a justification on infrastructure overhaul. New passenger terminal for Beijing Capital International Airport, Beijing subway expansion, road/expressway construction, etc. If anyone thinks the $40 billion cost was excessive, in comparison Taipei's MRT (light rail passenger) system alone costs $31.8 billion USD, and the Beijing-Shanghai express railway was 200 million RMB ($25.6 billion USD).
India is hosting the Commonwealth Games in 2010, and spending at least Rs 65,000 crore on the event. Of which only Rs 2,300 crore is actually budgeted for sports venues. The rest is going into infrastructure, such as 19-km expressway from the city to the airport, and Rs 20,000 crore on the metro system.
So if you're wondering where China's $40 billion plus Olympic budget went, less than $4 billion went to the games, and the bulk of it went to building stuff like this:
<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a2/Beijing-Subway-Plan.png/600px-Beijing-Subway-Plan.png" alt="" />
<img src="http://upload.wikimedia.org/wikipedia/commons/thumb/2/2d/Beijing_Terminal_3.jpg/800px-Beijing_Terminal_3.jpg" alt="" />
London is not going to spend $40 billion dollars, unless if they intend to rebuild their underground rail to reach Hogwarts.