98.5% of 2018 spending dedicated to permanent sports infrastructure
Lima, PERU -- Lima 2019’s end of year budgetary analysis has confirmed that 98.5% of the organising committee’s spending last year was dedicated to permanent sports infrastructure, as preparations for Peru’s first Pan American and Parapan American Games continue to leave a valuable, tangible legacy for the country.
In total, 966.2 million soles (USD 286.45m) of the total 981.4 million soles (USD 290.95m) organising committee budget for 2018 was invested in infrastructure projects that will ensure a world-class Pan American and Parapan American Games that deliver lasting benefits to communities in Lima and across Peru. Key projects that made substantial progress in 2018 included the Lima 2019 Athletes’ Village, the VIDENA Sports Complex, the Villa María del Triunfo Sports Complex, Callao Regional Sports Village, Villa El Salvador Sports Center and the Army Riding School equestrian headquarters.
Lima 2019 also reports a total budget execution of 97.3% and an operational budget execution of 95.8%, meaning the overwhelming majority of funds were invested for the purpose they were originally allocated, rather than on unplanned or unexpected expenditures. The government-to-government agreement between Peru and the UK has had a particularly significant impact in achieving this level of budget efficiency, with new NEC procurement protocols and leading-edge public project management models guaranteeing efficiency, transparency, affordability and equality at every stage of delivery.
Lima 2019 President Carlos Neuhaus said, “Lima 2019 is firmly on track to meet our core commitments to the athletes of the Americas and the people of Peru: deliver outstanding Pan American and Parapan American Games; and revolutionise sport in our country for future generations. Lima 2019 will leave a concrete legacy of 20 new and upgraded sports venues for elite athletes and under-served communities. We are proud to be investing in a world-class Games that puts sport at the heart of Peruvian life.”
As part of Lima 2019’s preparations, Peru will see its first new Olympic swimming pool constructed since 1962. Venues like the velodrome, athletics track and football stadium at San Marcos University will all meet relevant International Federation standards, allowing Peru to host elite international competition and establish Lima as a sports capital of the Americas.
After the Games, the Lima 2019 Athletes’ Village will be converted into 1,096 affordable housing units, with 336 configured for people with a disability.