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Baku 2016 To Convert Former Oil Field Into Flourishing Olympic Park: Bid Dossier

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Baku Azerbaijan, a city commonly associated with oil extraction, hopes to transform itself into a world class sports destination by winning the 2016 Olympic Games bid. While already involved in redevelopment projects that will include sports venues - Baku hopes to build an Olympic Park at Bibi-Heybat oilfield where drilling first began in 1847, as part of an overall renaturalization process.

GamesBids.com has received a copy of the Baku 2016 questionnaire response that was submitted to the International Olympic Committee last week along with those from the six other cities vying for the Games. Baku is the last city to reveal the details of their dossier to the public.

Baku plans to build many venues - eight temporary and 15 new permanent structures including a USD $254 million Olympic Stadium. Situated in four clusters, most venues are no more than 10km from the Olympic Village. The Olympic Village, a waterfront project financed jointly with private and public funds, will consist of low-density apartments to be later sold and used as a residential community.

Currently, 23,000 various accommodations exist but 81,000 new rooms are planned for 2016 should the Games be won. This aggressive goal may be a concern of the IOC.

The bid estimates revenues of USD $930 million and the project has full government backing and financial guarantees. In a recent poll, 91.9% of residents favour the bid.

The bid committee has a budget of USD $6.1 million for its application stage and an additional $21.6 million should they go on to the candidacy stage. The total budget of $27.8 million is low in comparison to the other bids.

If they win, the bid committee hopes to stage the Games from July 15 to July 31, 2016.

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