Australia govt confirms $2.2 billion funding for 2032 Brisbane Games venues

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FILE PHOTO: A view of the city skyline of Brisbane, the city expected to be announced as host for the 2032 Olympic Games, in Brisbane, Australia, July 4, 2021. Picture taken July 4, 2021. REUTERS/Jaimi Joy/File Photo

SYDNEY - The Australian government has confirmed it will contribute A$3.435 billion ($2.25 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction.

Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by state and federal governments on Thursday.

The Sydney 2000 Games left an incredible legacy and many Australians have memories that have lasted for decades, Federal Infrastructure Minister Catherine King said in a statement.

We are ready to deliver a Brisbane 2032 games that will leave the same incredible legacy for Queensland.

The Australian governments commitment of A$3.4 billion towards the Games venues is the single largest contribution any Australian government has made towards sporting infrastructure in this country.

Brisbane was awarded hosting rights for the Games in 2021 but political wrangling over the venues meant the final plans were not decided until March this year.

Organising committee chief Andrew Liveris welcomed Thursdays announcement as a significant shift in forward momentum.

I thank the Australian and Queensland governments for moving swiftly following the Australian governments recent return to office to