France was conditionally picked as the host of the 2030 Winter Games on Wednesday and must now deliver key financial guarantees in the coming months, the International Olympic Committee said, reports Yahoo! News.
The French Alps bid was the preferred choice since June but due to elections and a current caretaker government had been unable to deliver the necessary state and regional financial guarantees in time.
France must have the guarantees signed by its prime minister by Oct. 1 and have them ratified by parliament no later than March 1, 2025, the IOC said.
French president Emmanuel Macron spoke to the IOC session prior to the vote on Wednesday in a bid to ease any concerns and show his support for the candidacy.
"I confirm the full commitment of the French nation, and assure you that I will ask the next prime minister to include not only this guarantee but also an Olympic Law in the priorities of the new government," he said.
"Seven years ago we made the same commitment (for the Paris 2024 Summer Games), and we delivered. We will do the same."
Read more of this Reuters report published by Yahoo! News.
See more on the background to this decision here.