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Budapest, Hamburg, LA, Paris and Rome bid for 2024 Games

Germany
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Lausanne, Swiyerland (dpa) - Budapest, Hamburg, Los Angeles, Paris and Rome are the five cities to bid for the 2024 Olympic Games after the deadline passed for new entries, the International Olympic Committee said on Wednesday.

"We are welcoming five outstanding and highly qualified candidate cities," IOC president Thomas Bach said in a statement.

"Sustainability and legacy are the cornerstones of each candidature."

LA stepped in late as a promised U.S. bidder after Boston pulled out because of financial concerns.

Spiralling costs to host Games in recent years prompted the IOC to instigate Olympic Agenda 2020, aimed at making the Olympics more affordable in future.

"Olympic Agenda 2020 has shaped the candidature process more as an invitation and the cities have responded by engaging with the IOC through dialogue and cooperation," Bach added.

"In the new invitation process the IOC learnt that all the candidates are embracing Olympic Agenda 2020 from their respective vision for the future of their city."

The IOC will contribute 1.7 billion dollars in cash and services to the organising committee for the Olympic Games 2024.

The 2024 host city will be decided at an IOC session in Lima, Peru in September 2017.

The 2016 Games are in Rio de Janeiro, the 2018 Winter Olympics in Pyeongchang in South Korea, the 2020 Summer Games in Tokyo and the 2022 winter event in Beijing.

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