New Delhi, Nov 5: The central government has allocated Rs 1,620 crore as loan to the Organising Committee (OC) of the 2010 Commonwealth Games.
Speaking to reporters here, Information and Broadcasting Minister Ambika Soni said, "The Union Cabinet has approved the proposal of Ministry of Youth Affairs and Sports for providing a revised budget of Rs 1,620 crore, as loan to the Organising Committee Commonwealth Games 2010."
"The loan, is at the prevailing government rate of interest, for organising the CWG at Delhi during October 3 to 14. Budget approved earlier was Rs 767 crore," Soni said.
Besides, the Minister said, "the number of volunteers has gone up to nearly 30,000 and the cost of accreditation, catering, uniform etc on this account has also increased."
"The components of rent for OC headquarters 'Technology' which were practically 'nil' in the initial budget are now around Rs 175 crore and Rs 200 crore respectively," Soni said.
Soni also pointed out that OC is expected to generate revenue of about Rs 1708 crore from the Games.