Olympics-Australia sport gets A$257 million funding boost ahead of Paris 2024

FILE PHOTO: A visualisation of the 2024 Paris Olympic Games opening ceremony is pictured in this undated handout obtained December 13, 2021. Paris 2024/Florian Hulleu/Handout via REUTERS

SYDNEY (Reuters) - Australia started ramping up its preparations for hosting the 2032 Olympics and Paralympics on Wednesday with the announcement of an additional A$257 million ($184 million) in funding for athletes ahead of the 2024 Paris Summer Games.

In an unprecedented move, the Australian Institute of Sport (AIS) has committed to funding for an entire four-year Olympic cycle, allowing sports to plan ahead rather than wait for annual allocations.