Hungary to spend $32-52 million on application to host 2024 Olympics

March 3, 2016

Screen Shot 2016-03-03 at 5.54.20 AM
Hungary’s Olympic Committee will spend HUF 10-15 billion (USD 35-52 million) over the next two years preparing the country’s application to host the 2024 Olympic Games, according to marketing and communication director Erik Siklós.

The first part of the three-part application, submitted in February of this year, was prepared by Price Waterhouse Coopers at a cost of HUF 240 million (USD 850,000). According to Máron Pataki, the president of the Budapest chapter of opposition party Együtt (Together), the committee paid PwC HUF 4 million (USD 14,000) per page for a material that was made up primarily of materials translated and copied from a feasibility study prepared earlier at a cost of HUF 480 million (USD 1.7 million).

The application is in three parts:  The first part consists of 86 questions to be answered in 60 pages or less.

The second part consists of 23 questions to be answered in 20 pages or less.

The third part consists of 134 questions to be answered in 110 pages or less