👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Olympics-Australia's Queensland to resume Brisbane 2032 Games bid

Published 07/12/2020, 01:45 pm
Updated 07/12/2020, 01:48 pm

MELBOURNE, Dec 7 (Reuters) - Australia's northeastern state of Queensland will resume work on Brisbane's bid for the 2032 Olympics after shelving the project for six months due to the COVID-19 pandemic, officials said on Monday.

State premier Annastacia Palaszczuk said she would discuss funding arrangements for the bid with Australian Prime Minister Scott Morrison at a national cabinet meeting on Friday.

"It's a partnership, so there was an agreement that the two governments would put the money into that, so I'm happy to have those further discussions with the Prime Minister," she told reporters.

Palaszczuk added that the state's Olympics taskforce would reconvene in 2021 to work on the bid, which is centred on Brisbane but also involves staging events on the nearby Gold Coast and Sunshine Coast.

A number of countries have expressed interest in making a bid for 2032, including Germany, Spain, India, Indonesia and a joint bid from North and South Korea.

"Our bid in comparison to the rest of the world is a very strong bid,” Australian Olympic Committee boss John Coates told reporters.

"Most importantly is the support of the three levels of government, good community support, and the fact the timing is the right opportunity to come out of COVID and to create jobs and to create growth.

“It's a good purpose that the IOC will be impressed with."

Morrison met with International Olympic Committee chief Thomas Bach in Japan last month to discuss the Brisbane bid as well as the Tokyo Games, which were postponed to next year. is hosting the 2024 Games with Los Angeles confirmed for 2028.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.