PORTUGAL – The City of Lisbon reaffirmed its contribution to the 2018 Eurovision Song Contest by giving 5 million Euros, to the total budget of RTP for the contest which is 23 million Eurovision. Finance Councilor João Paulo Saraiva confirmed the information today saying that the city is expecting a huge expectation to return.
The city funds are deriving from the Tourism Tax (1 Euro per tourist / night of accommodation) which gathered 16.3 million this year. The allocation of the money and their management will be done through Tourism Development Fund.
João Paulo Saraiva said that “it’ss the biggest event broadcast on television and seen by the largest number of people […] the whole city linked to the tourism sector considers that this will be an investment with huge expectations of return. It seems to all of us that we are involved in managing something that will be a huge investment, with enormous potential. The festival will showcase Portugal and Lisbon in a very, very expressive way to the whole world. We will not spend any money of the taxpayers. We will use the resources we collect through this fee to invest in the Eurovision.”
The city of Lisbon is expecting a revenue of 25 million Euros from the tourism related to the Eurovision Song Contest.
For the 23 million Euro budget there will be a lot of contributors, sponsors and of course the ticket sales. RTP will give in 12 million Euros.