The Commonwealth Games Organising Committee is seeking a hefty Rs 750-crore insurance cover for the event against cancellation. According to sources, the OC was hopeful the government would take care of everything in case the event was cancelled.
After nothing concrete came out of the discussions with government insurance cover, the OC was left with no other option but to insure the Games against cancellation which will cover all eventualities, including cancellation due to terror strike or non transmission of video signals to broadcasters during the event.
Though the deal is yet to be finalised, the OC secretary general, Lalit Bhanot, confirmed that like in any other big event, even this Games is being insured for cancellation. He, however refused to speak on the talks that transpired between the government and the OC.
"I can only tell you that we have sought quotations from our Indian companies to get the insurance," said Bhanot.
"It has not been finalised as yet, but will be done a day or two."