National government has set aside an extra R1,4 billion this financial year to cover the burgeoning cost of the countryâ€™s 2010 Soccer World Cup stadiums.
The allocation was made in the adjustment budget tabled yesterday.
In addition, R600 million has been allocated for high-speed internet access between the stadiums and Telkomâ€™s national network.
The medium-term budget policy statement tabled by Finance Minister Trevor Manuel said preparations for the tournament remained â€œon courseâ€, though costs had escalated beyond the initial budget.
â€œGovernment will provide funding to accommodate part of the cost overruns, with municipalities sharing this burden,â€ it said.
Support would also be provided for the migration to digital television to meet international broadcasting requirements.
It said host cities would also benefit from an extra three-year R835 million allocation for public transport infrastructure.
PUBLICATION: The Times
DATED: 23rd October 2008