MADRID, March 18, (Agencies): Spanish Prime Minister Mariano Rajoy told IOC inspectors Monday that much of the infrastructure needed for Madrid’s 2020 Olympic bid is already built, emphasizing a low-cost approach at a time of financial austerity. Rajoy welcomed the IOC’s evaluation commission at the start of its four-day inspection of Madrid, which is competing against Tokyo and Istanbul. “Madrid has a great advantage: 80 percent of the sports facilities needed to hold an Olympic Games are already built,” Rajoy said. Spain’s government has thrown its weight behind the bid, although the country is immersed in a deep financial crisis and has an unemployment rate of 26 percent. Rajoy said Madrid was accustomed to hosting major events and Spain already welcomes 58 million visitors each year as one of the world’s favorite tourist destinations. With Spain’s economy mired in its second recession in three years, thrift is the byword of Madrid’s bid. The bid committee said 28 of the 35 proposed venues are already built, and that its budget to finish preparations is a modest 1.5 billion euros ($1.9 billion), plus an additional 150 million euros ($192 million) for security costs.

The IOC panel has already visited Tokyo and will travel to Istanbul next week. The full International Olympic Committee will select the host city in Buenos Aires on Sept 7. Madrid is bidding for a third straight time after losing to London for the 2012 Olympics and Rio de Janeiro for the 2016 Games, and the budget figures have been trimmed from the previous campaigns to reflect Spain’s reduced means. The country has the European Union’s highest unemployment rate, and Rajoy’s government is part-way through implementing one of the Euro bloc’s most stringent austerity programs. As the government has cut the size of the country’s welfare state, Spain has been rocked by public protests, large demonstrations and strikes. The capital’s transport system is expected to suffer partial strikes on Tuesday and Wednesday and three demonstrations are planned to coincide with the IOC visit, one of which is due to be held near the site of the future Olympic stadium.

Five of the 14 IOC panel members who will review Madrid’s venues, finances and security plans during the four-day tour were here during the previous bids. This time, inspectors will find new additions to already existing venues, such as the inclusion of the city’s Las Ventas bullring - scene of sporting events such as tennis or fencing going back to the 1920s - the Retiro park and Real Madrid’s Valdebebas training facilities.
Some venues, however, such as the 65,000 capacity La Peineta stadium for track and field events and the Aquatic (water sports) Center, are only part finished.
Construction on the 18,000-capacity aquatic center began in 2004 but was halted in 2005. The bid’s dossier states that work is due to resume in June 2014 for completion in June 2016.
La Peineta was built in 1994 and is scheduled to continue undergoing “renovation” until June 2015, although most observers say this date is likely to be exceeded.
“Our plans are for La Peineta to be transformed into a modern sports venue in time, and then later to be handed over to Atletico Madrid football club as its new main stadium,” Alejandro Blanco, president of the Spanish Olympic Committee, told The Associated Press.Both La Peineta and the Aquatic Center are listed as existing facilities. 

In New Delhi, Jeev Milkha Singh has won the Asian Tour’s order of merit twice, has four wins on the European Tour and is the first Indian golfer to break into world’s top 50, but he feels he will continue to live in his father’s shadow until he wins a major. More than five decades after Milkha Singh, Jeev’s father, narrowly lost out on the 400m bronze medal at the 1960 Rome Olympics, the “Flying Sikh” has lost none of his popularity and his Bollywood biopic will hit theatres in July. “Dad never misses a chance to remind me that whenever we are travelling together, if 100 people mob him for autographs, five approach me,” Jeev told Reuters in a recent interview at the Jaypee Greens golf course on the outskirts of Delhi. “He introduces me to them saying: ‘He’s my son Jeev. He plays golf.’ I need to win a major to get to that level,” said Jeev, who finished tied ninth in the 2008 PGA Championship. “Dad’s like a friend but still thinks I’m a kid. Every other day, he keeps telling me: ‘You won’t succeed unless you practise enough’.

“I tell him ‘Dad, I’m 42, please stop it! You are like a broken record, you keep repeating the same thing.’ But he doesn’t care,” Jeev said with a grin. Golf’s inclusion on the 2016 Olympic programme has offered Jeev the chance to go one-up on his father, who fell agonisingly short of winning India’s first Olympic track-and-field medal in Rome. “Dad has done it (competing in Olympics) 50 years ago. If I can do it, it would be fantastic. And to win a medal would be the icing on the cake,” said Jeev, his eyes lighting up at the prospect. “This is one of the best things to have happened to us, the golfers. For golf, being in the Olympics is a big boost. More so for Indian golf.

“I have to be in the top 100 that year to qualify,” said Jeev, who is currently ranked 99. “At 42, it’s a new motivation for me. I’ll be 45 and I think I’d be good enough to go.” More than grabbing bragging rights in the family, Jeev feels a medal in Rio would help soothe his father’s old wound. Milkha Singh is still rankled by the fourth place finish in Rome. “Dad still feels bad about it,” said Jeev. “He still talks about it, the mistake he made. He thinks he was the fastest. “That’s the only regret he has in life - that he checked himself in the middle of the race.” Singh senior’s parents were killed along with other villagers during the 1947 India-Pakistan partition, and his compelling story has been captured in a Bollywood movie. “It’s a fantastic movie. I hope it goes to the Oscars. It’s that good,” said Jeev. “You’d cry watching the movie, you’d have goose bumps ... it has got a message. It’s an inspirational movie, not only for a sportsman but for anyone in any profession.”