Tuesday, January 16, 2007

2010

Durban municipality has delayed signing a contract for a new soccer stadium to be used for the 2010 finals.

Rumors say the cost of this one stadium has increased to over 2 billion rand ($286.2 million).

Originally, the government had said they would spend 5.6 billion rand ($801.2 million) on the new 5 stadiums, but when the actual numbers were released, the cost was 8.8 billion rand ($1.26 billion). Now it looks like costs will increase from that figure due to the lack of building materials.

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