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Record High Investment in Beijing Olympics

According to Hong Kong based Ming Pao News, the current amount of money invested in the 2008 Summer Olympic Games has reached a record high of 28 billion RMB or $3.8 billion. The number is 2.2 times the figure estimated in 2001 when Beijing was bidding to host the event, compared to $1.5 billion for the Sydney Olympics in 2000 and $2.4 billion for the Athens Olympics in 2004. As the construction of some stadiums and other facilities are not finally completed, the total amount invested is expected to be even higher than the current level.

Source: Asia Times, January 22, 2008