Extra Rp 6 billion needed for SEA Games<\/p>\n
SUBANG, West Java (JP): The 19th SEA Games consortium says it
\nmay need a reserve fund of Rp 6 billion (US$2,264,151) over and
\nabove the Rp 105 billion budget due to the rupiah's depreciation
\nagainst the dollar.<\/p>\n
Consortium treasurer Okky Chandrawinata said here Friday that
\nthe rupiah crisis would not affect the Rp 105 billion budget.<\/p>\n
"If our income and our spending in dollars balance, we won't
\nhave any problems at all. We have to work hard to earn more
\ndollars," said Okky, who is also the organizing committee's
\nplanning and budget deputy.<\/p>\n
The consortium expects to earn dollars from the participating
\nathletes' accommodation, but it has to spend dollars to buy
\nsporting equipment.<\/p>\n
"We hope the rupiah will get stronger before the Games," he
\nsaid.<\/p>\n
Each athlete will have to pay $30 a day for accommodation
\nwhile the organizers will have to spend $47 a day for every
\nathlete.<\/p>\n
"The $17 difference is a kind of subsidy by the host," Okky
\nsaid.<\/p>\n
Board and lodging will cost the organizers nearly $16 million.
\nAbout 5,000 athletes will stay at the five-star Hotel Mulia,
\nwhich will be the athletes' village, close to Senayan sports
\ncomplex.<\/p>\n
Okky said Rp 35 billion has been used to finance the
\nIndonesian team's preparations for the biennial event, which
\nstarts on Oct. 11 and ends on Oct. 19.<\/p>\n
The training program has received Rp 24 billion of this sum
\nand expects Rp 11 billion this week.<\/p>\n
The consortium has had cash flow problems recently because
\nsome sponsors delayed payments due to the rupiah crisis.<\/p>\n
"One way to solve the financial problem was by bridging
\nfinance and we have done it, so we have no more problems," he
\nsaid.<\/p>\n
"I'm not authorized to speak. Pak Bambang Trihatmodjo (the
\nconsortium's chairman) knows more," he added.<\/p>\n
Since the consortium was not allowed to sell the TV rights,
\nwhich are worth about Rp 40 billion, it raised its funds selling
\nstickers, which sparked a lot of controversy.<\/p>\n
The consortium expected to earn Rp 20 billion from sponsorship
\ndeals with National Panasonic, Tiger Beer, Konica, Seiko and
\nSatelindo, the official SEA Games partners; and Aqua, Nikon,
\nGatorade, Garuda Indonesia, Sunrise and Walls, the official
\nsuppliers. Each official partner will pay $2 million.<\/p>\n
The operational costs are expected to be about Rp 4 billion,
\nincluding inviting international referees and technical
\ndelegates.<\/p>\n
Equipment<\/p>\n
The yachting and rowing associations have complained that
\ntheir new equipment has not arrived on schedule.<\/p>\n
Okky said the yachting boards were in Tanjung Priok port but
\ncustoms had not yet released them because it was still waiting
\nfor the importer to provide the proper documents.<\/p>\n
"When we receive the papers, we can proceed with the next step
\nand then send the equipment," he said.<\/p>\n
The rowing association also complained that its boats from
\nGermany, which were scheduled to arrive last month, have yet to
\narrive.<\/p>\n
Okky said the boats were on their way to Jakarta and should
\narrive tomorrow.<\/p>\n
"We need a day to get them out of the port and they will
\narrive at Jatiluhur dam on Sept. 11, at the latest," he said.
\n(yan)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/extra-rp-6-billion-needed-for-sea-games-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}