The 2011 World Cup, to be jointly hosted by India, Sri Lanka and Bangladesh, is expected to cost between $40 and 50 million.
The figure was worked out at a preliminary meeting of the 2011 World Cup sub-committee looking into operations planning and event budgeting in Mumbai on Wednesday, said tournament director and Cricket Board's Chief Administrative Officer, Prof Ratnakar Shetty.
The preliminary meeting, in which two representatives of the International Cricket Council - including its General Manager (Commercial) Jamie Campbell - guided the member countries' representatives on the intricacies in preparing the budget for the event, according to Shetty.
"The 2011 World Cup is an ICC event to be jointly organised by Sri Lanka, Bangladesh and India. All the expenses are to be borne by the ICC. The representatives of the member countries were told by the ICC representatives how to take care of the expenses", Shetty told reporters after the meeting.
Shetty said each of the organising country is different as far as expenses in hosting matches are concerned.
"For example we know in India how much will be the internal travel for the teams will cost between two cities, the hotel and other match hosting expenses. Each country will prepare its budget and a combined budget would be presented to the ICC's Finance Committee in early June for its approval. The budget would then be presented to the Central Organising Committee that is to meet in mid-June in London", Shetty explained.
Campbell and Events Manager Christopher Tetley, briefed the sub-committee on preparing an operational plan for the event, as well as the various heads of expenses, on the basis of which a joint consolidated budget would be presented to the ICC
Finance Committee, it was announced by BCCI secretary N Srinivasan.
Each host nation will also set up a local Organising Committee for the World Cup after the event budget is approved, Srinivasan said in his media statement.
The official launch of the World Cup logo will be held in Mumbai on July 14 at the hands of Sharad Pawar - ICC vice president and chairman of the CWC 2011 Central Organising Committee, and ICC's Chief Executive Haroon Lorgat, he added.