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ANALYSIS
Response to Questions
Solution1: The potential benefits have been categorized into the following criteria for the upcoming Brisbane Olympics
Economic & Financial benefits
· Boost in Foreign direct Investment in the state which will
ing more foreign exchange in the country along with more development of the state.
· With more money the state and the central government can spend on the benefit of the state.
· greater job opportunities leading to Growth of the state
· a boost in Queensland domestic tourism
· Increase in gross domestic product as there would be increase in sale as more footfall of tourist in the yea
Social benefits
· Intangible (prestige) (promote Queensland as a safe place to trade or invest)
· Health benefits (reduced chronic disease, improved mental health and productivity)
· Community services & other voluntary services
· World class training facility for the sportsmen.
· Synergy (partnership) between industry and government (cross-government collaboration, coordination and planning)-maximize opportunities and mitigate risk
Environment
· Infrastructure development in the state
· Transportation and the related policies by formulation of clear and effective policies in place
· Waste management & pollution control which will benefit the society with longevity in life span.
· Behavioral change which is positive for the environment.
Solution 2: Potential Cost of the hosting city has been estimated by the government as 5 billion and the cost would include as follows:
· Initial investment in terms of infrastructure which includes the cost of setting up the stadium as well as the roads leading to the stadium. It would also include investment in the accommodation where the players will be staying during the games.
· Repurposing and upgrading existing infrastructure
· Equipment installation for Reducing waste and pollution for purified air so that no issues are faced by the tourist and players as it may tarnish the reputation of the country.
· Transport related initiatives for smooth functioning of the games with comfort of travel and public transport for the tourists
· Appointment of Instructors and training of sportsmen and improved facility for sports practice for the hosting country to win medals and trophies for improved goodwill.
· Health care initiatives which eradicate the impact of covid-19 such that the projects commenced for the Olympics are completed well before time. Appointing more doctors, nurses and teams in place.
· Overhead charges to be paid to the labor and staff working in the pandemic times for timely completion of the projects in hand.
Solution 3: COST- BENEFITS
Cost Involved with the project of conducting the Olympics and Paralympics, 2032
1. Initial investment in terms of infrastructure accruing for future years)
2. Repurposing and upgrading existing infrastructure
3. Equipments for Reducing waste and...