Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Beijing Chosen to Host 2022 Winter Olympics

Beijing will become the first city to stage both a summer and winter Olympics

The International Olympic Committee on Friday named Beijing as host of the 2022 Winter Olympics after the Chinese capital got more votes from IOC members than the only other candidate, Almaty in Kazakhstan.

As a result, Beijing will become the first city to stage both a summer and winter Olympics. It hosted the 2008 Summer Olympics, often billed as a coming of age moment for China.

The Chinese capital was chosen over Almaty, Kazakhstan, in a vote at the 128th IOC Session in Kuala Lumpur. Beijing received 44 votes to Almaty’s 40.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Right after the election, representatives of Beijing together with IOC President Thomas Bach signed the Host City Contract (HCC), which is available here. This is the first time that the HCC is being made public, which is a result of the recommendations of Olympic Agenda 2020 – a reform package that significantly changed the host city selection process.

Beijing aims to use the Games to accelerate the development of a new sport, culture and tourism area, and to encourage interest in winter sports in a region that is home to more than 300 million people in northern China.

Although the bid process for 2022 began before the approval of Olympic Agenda 2020, the reforms have already had a significant impact on Beijing’s Olympic plans. Olympic Agenda 2020 calls for a stronger focus on sustainability, legacy, and transparency, while making it easier for host cities to tailor Games that meet their needs rather than trying to fit a template.

Beijing took advantage of the flexibility provided by Olympic Agenda 2020 to improve its plans for the Games and reduce costs. The city will rely heavily on existing venues, including those built for the Games in 2008, such as the iconic Bird’s Nest stadium.

Beijing’s proposed budget for investment in Olympic villages, sports venues and other infrastructure totals 1.5 billion US dollars – significantly less than for Olympic Games in the past. The proposed operational budget should be fully offset by revenue from ticket sales, marketing sponsorships and other income. Thanks to an additional contribution from the IOC of approximately 880 million US dollars to support the staging of the Olympic Winter Games in 2022, Beijing is confident that it will either break even or make a profit.

In addition, post-Games legacy uses for all permanent venues have already been identified to ensure that Games-related investments deliver benefits for years to come.

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...