The organising committee for the Lima 2019 Pan American and Parapan American Games has released figures claiming that 98.5 per cent of its spending last year was dedicated to permanent sports infrastructure.
In total, it said 966.2m soles ($286.45m) of the total 981.4m soles ($290.95m) organising committee budget for 2018 was invested in infrastructure projects.
Lima 2019 also reported a total budget execution of 97.3 per cent and an operational budget execution of 95.8 per cent, which suggests the overwhelming majority of funds were invested for the purpose they were originally allocated, rather than on unplanned or unexpected expenditures.
A press release from the Peruvian city said the government-to-government agreement between Peru and the UK had had a significant impact in achieving this level of budget efficiency, with new NEC procurement protocols and public project management models helping to ensure transparency, affordability and equality during 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 construct its first new Olympic swimming pool 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. 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.