R40 million in lotto funding for youth festival

2010-12-09 13:04

The bulk of the funding for the 17th World Festival of Youth and Students will come from a R40 million grant from the national lottery, the National Youth Development Agency (NYDA) executive chairperson Andile Lungisa said today.

Speaking at a press conference at the NYDA headquarters in Midrand, Lungisa said that hosting the event would cost R69 million, of which R40 million had been contributed by the national lottery.

The remaining balance is the R29 million that has been promised by the government.

The national lottery could not immediately be reached for comment.

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