The State financial guarantee, planned by the International Olympic Committee (IOC) to formalize the attribution of the 2030 Winter Olympic Games to the French Alps, was provided on Wednesday, October 2, by Prime Minister Michel Barnier. In a letter addressed to the president of the IOC, Thomas Bach, the head of government “confirm” that he “commits to guarantee the financing of any possible budget deficit of the organizing committee of the Olympic Games”.
Barnier, who was co-president along with Jean-Claude Killy of the organizing committee of the Albertville Games in 1992, adds in his letter that these “budgetary commitments” will be “specified” in the finance bill for the year 2025, which must be examined in a public session of the National Assembly, starting on October 21.
According to information from World, A first guarantee totaling 520 million euros should be included in the state budget for 2025.
Risk of budget overrun
“Thank you to the Prime Minister, Michel Barnier, for involving France in this exceptional project for our territories”On the 10th, he greeted the president of the Provence-Alpes-Côte d’Azur region, Renaud Muselier. For Laurent Wauquiez − former president of the Auvergne-Rhône-Alpes region − “the dream comes true”He also congratulated X.
This letter was expected by the IOC, which had awarded the 2030 Winter Olympic Games to the French Alps, after obtaining the financial guarantee from the State and the regions. Due to the dissolution of the National Assembly by Emmanuel Macron and the legislative elections that followed, on June 30 and July 7, this guarantee could not be sent in time to the IOC, which had granted France a delay until ‘at 1Ahem October. Therefore, it was sent to Thomas Bach a day late.
According to the forecasts of the two regions responsible for the project, the budget for the 2030 Winter Games should be around 3 billion euros, divided between organizational costs (two billion) and infrastructure (one billion). In July, the letter However, he revealed that a report from the Inspectorate General of Finance, commissioned by former Prime Minister Gabriel Attal, warned of the risk of cost overruns.
