2010 ISU - Agreement for 2010 security budget announced

Ottawa, February 19, 2009 — The Government of Canada today announced the revised security budget and cost-sharing agreement for the 2010 Olympic and Paralympic Winter Games. The security budget for the 2010 Winter Games is estimated at $900 million. Under the provisions of the new financing arrangement, the Government of British Columbia will pay the remaining portion of its $87.5 million commitment by March 31, 2009, and increase its commitment for the joint staging of the Olympic Games by an extra $165 million through an increased share of joint federal-provincial major infrastructure costs over the next three years. By consequence of these agreements, British Columbia's contributions are equivalent to $252.5 million of the cost of securing the 2010 Winter Games. The federal government will pay the remaining $647.5 million, and assume the remaining costs and any additional unforeseen costs in the development and delivery of security operations for the Games.