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French government affirms support for Paris 2012 Olympic bid

French Prime Minister signed financial guarantees for Euro 2,5 billion.
- The press release (PDF - 69 Ko)

Paris’ bid to host the 2012 Olympic and Paralympic Games was given a major boost today when French Prime Minister Jean-Pierre Raffarin approved a number of financial guarantees necessary for the organization of the 2012 Olympic and Paralympic Games.

The signed agreement calls for a financial guarantee totaling Euro 2.5 billion in public funds. The funding will be earmarked for, among other things, the construction of the Olympic Village and several new permanent venues within Paris and the neighboring cities; enhanced overall security; greater accessibility for peoples with a disability; environmental safeguards; and a mechanism for issuing entry visas to foreign visitors.

In the presence of several representatives of the French Government involved in the project, including Dominique de Villepin (Minister of Interior), Michel Barnier (Minister of Foreign Affairs), Gilles de Robien (Minister of Transport), Jean-François Lamour (Minister of Sport), Léon Bertrand (Minister of Tourism), Dominique Bussereau (State Secretary in charge of Budget) and Marie-Anne Montchamp (State Secretary in charge of people with disabilities), Mr. Raffarin said: “We are in the midst of a global competition where the individual strengths of each bidding nation are complemented by the underlying spirit and integrity of the Olympic Games. The French State has committed itself, in a true spirit of partnership, together with the City of Paris and the Ile-de-France Region to further galvanize the entire country and bring the Olympic and Paralympic Games to France in 2012.”
Last week, the Paris City council voted to provide similar financial guarantees of Euro 1.27 billion for the project. The Paris regional authority (Council of the Ile-de-France Region) has also committed just over Euro 1 billion.
These commitments confirm to the International Olympic Committee that the French government and relevant public authorities are prepared to make the investment necessary to host the 2012 Olympic and Paralympic Games, should Paris be selected in July 2005.
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