"Congratulations to Paris 2024 and Los Angeles 2028! This historic double allocation is a 'win-win-win' situation for the city of Paris, the city of Los Angeles and the IOC," said the IOC President, Thomas Bach on Wednesday, reports Xinhua news agency.
"It is hard to imagine something better. Ensuring the stability of the Olympic Games for the athletes of the world for the next 11 years is something extraordinary," Bach commented.
After the announcement, representatives from the two host cities, the IOC and President Bach signed official contracts for the Olympic Games, respectively.
"Today I am delighted to invite you to join the great family of Parisians, a family which belongs to the world," said the Mayor of Paris, Anne Hidalgo.
"Bringing the Olympics back home to LA gives us the chance to imagine what our city will look like a decade from now," said Eric Garcetti, Mayor of Los Angeles.
The idea of the agreement came to light after a working group of IOC Vice-Presidents studied the possibility of a double allocation of the Olympic Games 2024 and 2028. The working group was set up in March 2017.
"These are two great cities from two great countries with a great Olympic history. Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way," said Bach.
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