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|Create Date||August 14, 2016|
Abstract: "URS Finance and Economics (URS) was commissioned by the Department of Industry, Tourism and Resources (DITR) to undertake an economic impact study of the Rugby World Cup (RWC) 2003. This report and its economic impact modelling results build on the results estimated prior to the RWC in a report prepared by URS and included fine tuning of data and the incorporation of actual RWC specific data collected by a number of Government research and private sector organisations during RWC 2003. The RWC Tournament consisted of a total of 48 matches, including 40 pool matches and eight finals over a six-week period in October to November 2003. Matches were spread across 11 venues in ten cities (Adelaide, Brisbane, Canberra, Gosford, Launceston, Melbourne, Perth, Sydney, Townsville and Wollongong). The Semi Finals and Final were played in Sydney at Telstra Stadium. URS was commissioned to first, estimate the economic impacts of RWC 2003 on the Australian and its State economies and second, to quantify the contribution of Commonwealth Government agencies to the staging of the Tournament. The report outlines the process and the results estimated for the economic impact of RWC 2003. The quantification of the Commonwealth Government agencies contribution to staging the RWC 2003 was provided to DITR via a separate report. The activities associated with RWC 2003 had a number of economic impacts on the Australian economy. Some of these were felt immediately and lasted for only a matter of weeks or months, while others are expected to be felt over the longer term.