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02 March, 2001
The Athens 2004 Olympic Games Organizing Committee (ATHOC) decided on Thursday to request of the International Olympic Committee (IOC) to forgo the payment of bonds for the radio and television rights, as they burden its budget.
The decision was taken during a meeting of the committee's plenum, in Athens.
The IOC executive committee had requested the bonds.
Meanwhile, ATHOC approved the 129.7 million dollar budget for the Athens 2004 Paralympics, a cost to be shared by ATHOC to the tune of 50 million and by the Greek state to the tune of 48.5 million, while ticket sales and sponsors will cover the rest.
About 4,000 athletes are expected to participate in the Paralympics, while this will be the first time that the athletes will not be charged fees to participate.
Source: Athens News Agency