WYD CARRIES 100 MILLION-EURO
BONN, Germany, JULY 26,
2005 (Zenit.org).- World Youth Day will cost just under
an estimated 100 million euro ($120.7 million), reported
the event's administrator.
During a press conference on Friday in Bonn,
Hermann-Josef Johanns presented the total WYD expenses
to 25 principal sponsors, and added that he is confident
that the organizational committee will be able to meet
Sponsors and businesses, which compose "a
representative sample of the German economy and
society," have already covered 7.5% of the total budget,
Contributions from pilgrims will cover 40% of the
costs, while German dioceses will contribute 30%.
The remaining costs will be covered by donations, the
sale of WYD objects and sponsorships, as well as
financial help from the German government, the city of
Cologne and the European Union.
World Youth Day will be held next month in Cologne,
Germany. Benedict XIV will attend the event, as will an
expected 800,000 young people.