DAVOS, Switzerland (AP) -- Organizers of Switzerland's planned bid to host the 2022 Winter Olympics in Davos and St. Moritz estimate operating costs for the event would be 2.8 billion Swiss francs ($2.9 billion).
The Grisons 2022 committee says likely public and private investment of 1.5 billion Swiss francs ($1.55 billion) includes transport and tourism projects which would be carried out regardless.
Bid director Gian Gilli says in a statement it seeks to "improve concepts and reduce costs."
The figures are outlined in a "cautious but realistic" feasibility study commissioned from an international auditing firm.
The bid envisages additional security costs of 250 million Swiss francs ($258 million).
Switzerland last staged the Winter Olympics in 1948 at St. Moritz, which also hosted the 1924 Games.