South Africa needs money to finish stadiums

From Reuters:

CAPE TOWN, Sept 17 (Reuters) – South Africa faces a funding shortfall of 2.3 billion rand ($315 million) for six new stadiums built for next year’s Soccer World Cup, Finance Minister Pravin Gordhan said on Thursday.
South Africa, in its first recession in 17 years, is the first African country to host the world’s most watched sports spectacle, starting next June.
“National Treasury has informed me of the projected shortfalls for the 2010 FIFA World Cup stadiums. The total shortfall on the six new stadiums is 2.33 billion rand as of July 2009,” Gordhan said in a written response to a question in parliament.
The funding shortfall comes on the back of accommodation, transport and security concerns raised by FIFA, soccer’s world governing body.
Gordhan said contractual responsibility rested with South Africa’s 10 host cities to deal with rising costs, and it would be “clearly unreasonable” for national government to take full responsibility for reimbursement of rising costs. “Only one of the new stadiums is likely to be completed within budget,” he said, without specifying which stadium. Soccer City, where the finals will be played in Johannesburg, accounted for almost half of the total shortfall at 1.26 billion rand, he said.