An honorable member of the Coffee Shop Has Just Posted the Following:
From Wikipedia:
Ng Ser Miang:
He was the Chairman of the Asian Youth Games Steering Committee (2009) and the
Singapore 2010 Youth Olympic Games Organising Committee
Costs [edit]
The IOC initially projected in 2007 the Youth Olympic Games would cost US$30 million to stage. Singapore won its bid in 2008 with a budget of US$75.5 million (
S$105 million) with strong government support. The budget was later increased to U$284 million (S$387 million), thrice the original amount,
[14] which the organisers attributed to major revisions in the scope and scale of the Games. Costs were increased for logistics and transport, security, and upgrades of various sports venues and technology. Financially, local companies received about 70%, or S$260 million, worth of contracts from the Games.
[15] Concerns over cost overruns were dismissed by SYOGOC Chairman
Ng Ser Miang.
[16]
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17-05-2013, 11:10 AM
Overrun budget by US$208million, still want to run for IOC presidency. No shame!
