Malaysia has rejected an offer to host the next Commonwealth Games, citing concerns over the cost of the quadrennial sporting event.
Malaysia's Ministry of Youth and Sports said on Friday that it had refused to step in as host after concluding that the Commonwealth Games Federation's 100 million pound (US$126.21 million) bid was worth dollars) in support funds would not cover the costs.
“In addition, the economic impact could not be recognized in this short period of time,” the ministry said in a statement.
Malaysia was asked to host the event after the Australian state of Victoria pulled out last year after claiming the estimated cost had increased by 6.9 billion Australian dollars (US$4.5 billion).
A report released on Wednesday by Victoria's Auditor-General's Office found the cost estimate that led to the event's cancellation was “overstated and lacked transparency”.
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