No Serious Impact Of Economic Crisis On WC: Jordaan

Tuesday, October 21, 2008 at 10:28 am under Sports News No Serious Impact Of Economic Crisis On WC: Jordaan

MONACO: The world economic crisis will only have a “limited impact” on preparations for the 2010 World Cup finals in South Africa, the president of the organising committee Danny Jordaan said here.

Jordaan told French news agency that stadium construction costs had gone up
by 10 percent compared with the initial budget, due to the rising cost of steel, concrete and exchange rate variations.

He added however: “These increases were calculated some while ago and all costs are now frozen. There will therefore not be an impact on our stadium budget.”

He told: “No one in the world can say they are not affected by the world economic crisis but its impact should be less on our country. What worries us the most is the long term
consequences and the quicker we get through this, the better.

“We are keeping an eye on what is happening but as I speak there is not a serious or direct impact” on World Cup preparations.

Written by: Mirza Ahsan

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