April 22 - Rome's preparations to bid for the 2024 Olympics and Paralympics have taken the next step with plans to install both a Bid Committee and an operating budget, although the Italian Government are still yet to endorse the campaign.
The plans were revealed by Italian National Olympic Committee (CONI) President Giovanni Malago after a meeting with Italian Secretary of State for Sports Graziano Delrio.
Malago insisted a Rome bid would be "strong" and capable of holding its own with tough international competition, with the operating budget potentially up to €30 million (£25 million/$41 million).
It was also revealed the potential Committee would have two predominant missions of conducting an intensive lobbying campaign as well as gaining private funding.
But at a time when Italy is still facing vast financial problems, to the extent that the Rome City Council was forced to rely on a Government bailout to avoid bankruptcy earlier this year, it remains doubtful whether bidding for another Games would be in the country's best interests.
But the fact Prime Minister Matteo Renzi is yet to voice any opinion on whether the bid should go ahead suggests the Government are yet to make up their mind.
Renzi was elected as Italy's youngest ever Prime Minister exactly two months ago to replace Enrico Letta.
Furthermore, it is expected that among the many areas of public funding facing cuts is the sports sector, something that CONI President Malago has strongly opposed on the grounds that Italian sport "has already experienced significant cuts in recent years".
Those that support the bid in 2024, such as Malago, believe a new Olympic model, based on investing in existing sports facilities and constructing temporary structures, will be a means to help regenerate both Rome and the country as a whole.
But the importance of gaining Government support in Olympic races has been underlined in recent weeks by a race for the 2022 Winter Games in which Stockholm withdrew after failing to gain such support in January, and the Norwegian Government is also yet to back Oslo's bid.
Italy also withdrew from the race for the Games in 2020 when another of Renzi's predecessors as Prime Minister, Mario Monti, refused to grant financial and political guarantees at the height of the Eurozone financial crisis.
Among those still considering bids are Paris, Berlin and up to six cities across the United States.
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March 2014: Exclusive - Rome 2024 bid unaffected by financial problems, claim CONI
September 2013: Italian Prime Minister wants to bid for 2024 Olympics and Paralympics
December 2012: Rome Mayor promises that city will bid for 2024 Olympics
February 2012: Rome forced to abandon 2020 Olympic bid