The Associated Press reports that Moscow’s deputy mayor, Valery Shantsev, said the city would have to spend about $10billion to stage the event, the bulk of the money coming from private sponsors.
If it wins the bid, organisers expect to make $160-$200million in profit.
Fifteen new sports facilities, including a state-of-the-art tennis centre for 12,000 spectators and a new water sports arena to seat 15,000, would need to be built.
The bid also contains a pledge to nearly double the city’s hotel capacity from 33,500 rooms to 61,000 rooms by 2012.
There are plans to build 230 hotels to fix a shortage of moderately priced accommodation.
Shantsev said new roads and tighter technical requirements for vehicles, in line with European standards, would help clean up the city’s pollution, and there are plans to address Moscow’s increasingly congested traffic.
Moscow’s bid also focuses on security and the deputy mayor said 37,000 police officers and 10,000 other officials would help ensure security at the Olympics.
“We don’t have even the slightest doubt that the adequate security will be ensured”, he said.
