The information agency Trend reported that 5 billion US dollars were spent from the federal budget to build the Olympic village.
Taking into account the close relations between the state-information agency TDH and joint approval of publications, it can be stated with confidence that these are official figures.
The Olympic village has been under construction since 2010 around the former stadium named after Turkmenibashi (now referred to as the Olympic stadium), and is designed to host the V Asian Indoor and Martial Arts Games. The Asian Games are scheduled to be held in September 2017.
According to the information agency Trend, apart from stadiums and sports arenas, accommodation buildings with 12 thousand beds have been designed for athletes, and two five star hotels with 450 and 800 beds for sports officials are being built in the Olympic village.
Moreover, an entertainment centre with a cinema, museum, library, billiards room and music studio will be operational in the village. They will be connected by a monorail.
Furthermore, a new Oguzkhan airport, which had been also named after Turkmenbashi, like the renamed stadium, has been built in the run-up to the Games. The cost of the airport is estimated at $2,2 billion.
The media outlet does not specify how the construction facilities will be used after the Asian Games are over.
Doubts have also been raised as to whether it makes sense to construct a new airport designed for an annual passenger flow of 14 million. As of today a considerable part of the airport facilities stands idle.
To imagine the scale of costs, these data can be compared to the costs which other countries incurred to host the world-wide Olympic Games rather than regional Asian Games.
SaA�d Business School at Oxford University made an analysis of the costs incurred by the countries which had hosted the Olympic Games in different years.
Based on the results, up until 2012 (the most expensive Olympic Games were held in Sochi in 2014) Turkmenistan has lagged behind UK which spent $14,8 billion to host the Olympics, Spain � $11,4 billion, Canada � $6 billion and China � $5,5 billion. It should be mentioned again that this refers only to the world-wide Olympic Games, which are absolutely not comparable on the same scale with the Asian Games. Besides, these figures include all Olympics-related costs� not only the construction of sports infrastructure, but also expenses for transportation, staff, meals, medical services and the opening and closing ceremonies.
Today, under the conditions of the severe economic crisis in Turkmenistan, these huge costs look extremely inappropriate, especially when recalling the poor performance of Turkmen athletes at the Rio Olympic Games. It appears that when investing money in sports, one should consider increasing expenditures on the further development of active athletes and training new ones rather than on the construction of single-use facilities.
Source: Chronicles of Turkmenistan