Olympics: Rio Games set $3.7b operational budget

RIO DE JANEIRO (AFP) - Rio 2016 Olympic Games organizers on Thursday unveiled an operational budget of US$2.9 billion (S$3.7 billion).

The total, some two thirds above the original bid quote made in 2008 but comprising inflation, does not include any capital spending or infrastructural elements and will comprise wholly private money, organizing committee president Carlos Nuzman said.