— Published 19 January 2023

Anne Hidalgo has done her accounts

Paris 2024

With less than 600 days to go, the mayor of Paris, Anne Hidalgo, has already announced the cost of the next Olympic and Paralympic Games for the French capital. It will amount to 380 million euros, including revenue. Anne Hidalgo took advantage of a chat organised by the newspaper Le Monde to explain that the Paris Games will represent €380 million of investment between 2018 and 2025, “or an average of 0.65% of the annual budget”. Asked by AFP for more details on the figures, the city of Paris replied that “the net cost for the city is currently set at 354 million euros with 503 million euros in expenditure and around 150 million euros in revenue, 90% of which is currently secured. Expenditure is spread over eight financial years, between 2018 and 2025, allowing the cost of the Games to be amortised and having a very moderate impact on the city’s budget, with an average share of 0.65% and a peak in 2024 representing 1.4% of the city’s budget. In addition to the construction of the new Arena at Porte de la Chapelle, capital expenditure will include two gymnasiums, cycle paths, Olympic lanes and the renovation of some training venues, including the Georges-Vallerey swimming pool.