The IPC will now receive $7.5 million (£4.8 million/€6.8 million) from the 2022 Games, a substantial increase on the $6 million (£4 million/€5.5 million) they collected from Sochi 2014, it was announced following the conclusion of the first day of the IOC's ruling Executive Board here today. 

Also, as part of a new agreement between the IPC and IOC, there will be an increase in the number of athletes competing in the 2022 Games from 750 to 850 and Olympic Broadcasting Services (OBS) will act as the host broadcaster for the Winter Paralympics, as well as the Olympics.

“We are pleased that the IOC Executive Board has ratified the new agreement for the 2022 Paralympic Winter Games," sXavier Gonzalez, chief executive of the IPC, told insidethegames. 

"We believe it is a further recognition of the growing importance, influence and value of the Paralympic Games and are delighted to continue what has so far been a successful collaboration with the IOC and Games Organising Committees.”

The pledge to publish the Host City contract is part of the new transparency measures promised by the IOC following the adoption last December of Agenda 2020. 

The contract will also include new wording on non-discrimination and labour laws following the controversy that overshadowed the build-up to Sochi 2014. 

It will also be confirmed in the contract that the IOC will contribute a minimum of $880 million (£564 million/€795 million) towards the cost of hosting the Games, which Beijing is the favourite to be awarded. 

Also, as a part of Agenda 2020, the candidature service fee for cities bidding for the 2024 Olympics and Paralympics will be reduced.

The new fee has been lowered to $250,000 (£160,000/€225,000) from $650,000 (£415,000/€588,000) with a considerably higher level of service to be provided, the IOC have promised.

IOC President Thomas Bach also revealed to the Executive Board today that they have signed 18 agreements worth $14 billion (£9 billion/€13 billion) since Sochi 2014.

"The establishment of this strong and stable financial foundation allows the IOC to redistribute more than 90 per cent of its revenues to support athletes and sport around the world - the equivalent of $3.25 million (£2.1 million/€2.9 million) a day, every day of the year," IOC spokesman Mark Adams said.

The 18 contracts comprise 13 broadcast agreements, including an agreement with NBCUniversal through to 2032, two new long-term TOP (The Olympic Partner) agreements, with the addition of Bridgestone and Toyota to the programme, and renewals of existing agreements with Atos, Panasonic and Samsung.

The two latest agreements were with Discovery Communications, parent company of Eurosport, and beIN MEDIA GROUP for broadcast rights in Europe and the Middle East and Northern Africa respectively.

They were worth €1.3 billion (£926 million/$1.5 billion) and $250 million (£160 million/€225 million) respectively.

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