Olympics - French PM pledges 1 billion euros to Paris 2024 bid
French Prime Minister Manuel Valls pledged one billion euros of support from the government for Paris’ bid to host the 2024 Olympic Games. In a country often rocked by social conflicts and strikes, Paris bid leaders also announced on Friday they struck a deal with France’s five main trade unions. Paris bid leaders said the “social pact” sealed with the trade unions will guarantee a “smooth and effective games-time operation” and benefit jobs creation. At a news conference near the planned sites for the Olympic village and media center, Valls said the state funding represented two thirds of the public money invested in the bid. The infrastructure budget for the games is expected to total 3 billion euros, with operational costs of 3.2 billion euros.