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2010 stadium to be downgraded
Published in: SA With Love News
Date: 25 June 2007
Category: This Sporting Life
Issue No:



The Nelson Mandela Bay municipality has decided to downgrade the city's 2010 World Cup stadium as the Eastern Cape provincial government has not paid the R212m it previously committed to the project.

But, the government says that it remains committed to the development and will release the funds if the municipality can explain why the budget has increased to more than R1.2bn, the Mail & Guardian Online notes. It was initially estimated that the Port Elizabeth stadium would cost R250m, but the figure increased to R711m last year, and finally to R1,2bn. This left the municipality with a shortfall of R262-million, with the National Treasury saying it would not allocate more funds.
Full Mail & Guardian Online report





  


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