Jakarta. Vice President Jusuf Kalla is optimistic that the Rp 1.5 trillion ($112 million) target to fund the 2018 Asian Games from a sponsorship scheme will be realized before the mega-sport event starts in August next year.
Kalla, who heads the steering committee of the Indonesia Asian Games Organizing Committee (Inasgoc), believes sponsors from private and state-owned companies will soon come forward, while the Olympic Council of Asia (OCA) helps find sponsors from overseas.
"We're optimistic about the Rp 1.5 trillion target, although it will still be shared with the OCA to aid a sports development program in Asia," Kalla said on Tuesday (22/08).
According to Inasgoc, 35 percent of the target from sponsorships has been achieved, with current sponsors on the list being energy drink Pocari Sweat and Chinese sports apparel brand 361°.
"We're still negotiating the share with the OCA. At the moment, we will share money from sponsors on a 50-50 basis, but we want more," Kalla said.
Apart from sponsorships, the Rp 4.5 trillion to host the 2018 Asian Games mostly comes from state funds, which are also handled by Inasgoc.
The games will be co-hosted by Jakarta and Palembang, South Sumatra, while some events will take place in West Java. In a statement released last week, Inasgoc chairman Erick Thohir said venue preparation has progressed to 89 percent, with the main arena, Gelora Bung Karno in Jakarta, being close to completion at 82 percent.