Mumbai, May 27: The 2011 World Cup — to be jointly hosted by India, Sri Lanka and Bangladesh — is expected to cost between $40 and 50 million. The figure was worked out at a preliminary meeting of the 2011 World Cup sub-committee looking into operations planning and event budgeting here on Wednesday, said tournament director and cricket control board chief administrative officer Prof. Ratnakar Shetty.

The meeting was attended by two representatives of the International Cricket Council — Jamieson Campbell (ICC commercial manager) and Christopher Tetley (events manager) — who briefed the country representatives about preparing an operational plan for the event. They also asked the representatives to prepare various heads of expenses, on the basis of which a joint consolidated event budget would be presented to the ICC Finance Committee.

"The 2011 World Cup is an ICC event and all expenses are to be borne by the ICC. The representatives of the member countries were briefed by the ICC representatives how to present the various items while making the budget," said Shetty.

He added that the expenses would be different for each of the organising countries. Also, a rough ratified budget by each country should be presented by June 10 to the ICC Finance Committee.

The committee will then go through the figures when it meets in mid-June when the central organising committee meeting is slated in London. Present at the meeting were Sujeewa Rajapakse (Sri Lanka Cricket treasurer), Nishantha Ranatunga (SLC secretary), Mahbubul Anam (Bangladesh Cricket Board vice president), M.P. Pandove (BCCI treasurer), Prof. Shetty, K.S. Vishwanathan (assistant to BCCI secretary), and Suru Nayak (BCCI operations manager). "Each host nation will set up a local organising committee for the 2011 ICC World Cup after the event budget is approved. The match schedule will be finalised and announced at a later date," a BCCI statement said.