BONN, Germany, JULY 25, 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 the costs.
Sponsors and businesses, which compose «a representative sample of the German economy and society,» have already covered 7.5% of the total budget, said Johanns.
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.
