With 38 days left to the opening ceremony at The Float@Marina Bay on Aug 14, it will now cost $387 million to stage the Games, up from its original estimate of $122 million during the Games' bid phase, before Singapore was named host by the International Olympic Committee in February 2008 after a keen tussle with Moscow.
Despite the increase, both the Ministry of Community Development, Youth and Sports (MCYS) and the Singapore Youth Olympic Games Organising Committee (Syogoc) said there was no cause for alarm.
The extra $265 million required to meet the cost of organising the Games will be borne by the MCYS and Ministry of Finance. MORE
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