BERN, SWITZERLAND – Davos to St Moritz – if Switzerland has its way the 2022 Winter Olympic Games will take place in canton Graubuenden. The federal government said Wednesday 17 October that it will back the region’s candidacy with a CHF30 million credit if parliament gives the green light, and if the canton and the national Swiss Olympics Committee each put up CHF15m for the candidacy, which is expected to cost CHF60 million.
If the area is selected for the Games, says Bern, the federal government will provide a credit to cover up to CHF1 billion for the deficit, which is estimated at CHF1.5 billion.
Canton Graubuenden voters will decide in March if they want to back the project.
Bern’s decision nevertheless allows the canton to plan its own financing.
Overall, the Games are estimated to cost CHF2.8 billion, with expected revenues of CHF1.5b.
Switzerland has hosted the Winter Games in St Moritz twice, in 1928 and 1948. The 2022 bid is being called a “white Games bid”, with a strong emphasis on limiting environmental damage, respecting new Swiss laws on second homes, and contributing to sustainable development of the region.
Three key dates, once Switzerland decides it is ready to go ahead with the bid, are:
- Officially bid as an Applicant City, September 2013
- GenevaLunch feature on winter sports in St Moritz, March 2011, with video
- IOC (International Olympic Committee) decision on Candidate Cities, end of 2014
Final decision by the IOC on the Host City, June 2015.