Olympics-Australia govt confirms $2.2 billion funding for 2032 Brisbane Games venues

FILE PHOTO: A view of the city skyline of Brisbane, the city expected to be announced as host for the 2032 Olympic Games, in Brisbane, Australia, July 4, 2021. Picture taken July 4, 2021. REUTERS/Jaimi Joy/File Photo

SYDNEY (Reuters) -The Australian government has confirmed it will contribute A$3.435 billion ($2.25 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction.

Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by state and federal governments on Thursday.