The new deal, signed by IOC president Jacques Rogge, and IPC president Phil Craven, is an amendment to the IOC/IPC agreement on June 19, 2001 on the organisation of the Paralympic Games.
The amendment is aimed at ensuring that Organising Committees for the Olympic Games (OCOGs) pay the IPC $9m for the 2008 Games, and $14m for the Winter Games in 2010 and the 2012 Summer Games, in 2012 for broadcasting and marketing related to the 2008, 2010 and 2012 Paralympic Games.
Said Rogge: "This is a big day for the Olympic Movement. The IOC is happy to be able to support the IPC for these forthcoming editions of the Paralympic Games and, in doing so, to strengthen its relations with the Paralympic Movement.”
Added Craven: "The amendment lays an excellent foundation for the IPC's quest to fully develop the Paralympic Movement - a huge task, which we can now begin to explore. It also emphasises the close partnership which continues between the IOC and the IPC."
