Paris 2024 Olympics Triggers Race for Contracts Worth Billions
- Construction companies set to benefit from the summer event
- Critics fear cost inflation due to pressure to finish projects
A gymnast performs on a trampoline at the Petit Palais in Paris.
Photographer: Antoine Gyori/Corbis via Getty ImagesThis article is for subscribers only.
After an especially long, tortuous process, the International Olympic Committee is expected to award the 2024 Olympics to Paris on Wednesday with a vote in Lima. Lone rival Los Angeles will get the 2028 games.
To celebrate the official selection as host, Paris is planning an open-air concert and live event near the Eiffel Tower. French companies are also feeling festive, eyeing the estimated 6.6 billion-euro ($7.9 billion) the city expects will be spent to prepare the world’s biggest sporting event.