South Africa spent $3 billion on 2010 World Cup

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Associated Press

Posted on November 23, 2012 at 10:02 AM

Updated Friday, Nov 23 at 10:05 AM

JOHANNESBURG (AP) — South Africa spent just over $3 billion on the 2010 World Cup, the first held in Africa.

South Africa's government said Friday it spent $1.1 billion on building and upgrading stadiums. Transport was the biggest cost, with $1.3 billion dedicated to upgrading road, rail and air links.

FIFA reported it made a $631 million profit from the 2007-10 World Cup cycle and earned income of $3.65 billion from 2010 World Cup contracts.

While it is still difficult to calculate how much the country earned, South Africa's government said there was an "intangible legacy" left from the world's biggest soccer tournament.

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