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Following the signing of the contract between the Meghalaya government, Meghalaya State Olympics Association (MSOA) and IOA, the syaye government also handed over a cheque of Rs. 4.5 crore as contract fee for holding the event.
Meghalaya will be hosting the National Games 2022 coinciding with the 50th year of the creation of the state.
"Without doubt the National Games 2022 will put Meghalaya in the Olympic Map with the National Games as a catalyst. History will talk about a Meghalaya before the National Games and a much better Meghalaya after the National Games," said MSOA Working President John F. Kharshiing.
Sports and Youth Affairs Director, Matsiewdor War Nongbri said that all actions as per timelines set in the contract will be taken up which include creation of the National Games Olympics Committee (NGOC) before April 3, 2018, NGOC Emblem and mascot(s) by July, 2018 besides IOA to establish a Coordination Commission by March, 2018
"The host city will have to complete building of infrastructures by 2021 a year ahead of the Games.A There is also a penalty clause of Rs two crore per year in case of delay in hosting the games," Mehta told journalists.
He said the central government will provide 30 percent of the total budget for the National Games while the remaining 70 percent funds would have to be raised by the state government on its own.
"The state government can maybe raise these funds through sponsorships from various private companies' through corporate social responsibility initiatives," Mehta added.
An estimated 14,450 athletes and officials ies expected to visit Meghalaya during the Games.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)