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French Prime Minister pledges 1 billion euros to Paris 2024 bid

LE BOURGET, France (AP) — French Prime Minister Manuel Valls pledged one billion euros ($1.1 billion) of support from the government for Paris’ bid to host the 2024 Olympic Games.

In a country often rocked by social conflicts and strikes, Paris bid leaders also announced on Friday they struck a deal with France’s five main trade unions. Paris bid leaders said the “social pact” sealed with the trade unions will guarantee a “smooth and effective games-time operation” and benefit jobs creation.

At a news conference near the planned sites for the Olympic village and media center, Valls said the state funding represented two thirds of the public money invested in the bid.