SINGAPORE — The Singapore government on Wednesday confessed to underestimating the operating costs at last month's inaugural Youth Olympics, but insisted the benefits it reaped were worth the costs."We were plain wrong," Balakrishnan admitted. "We ... underestimated the requirements and the consequential cost for several major functional areas in hosting the Games.
"You just look at the cost of feeding people, moving people, transport and logistics, that already was over 40 million dollars." Full story
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