A review of ways to cut the cost of a long-overdue renovation of U.N. headquarters instead found that the project will need $400 million more than expected because of delays and inflation, the United Nations said Thursday. The renovation, now expected to cost $1.6 billion.
Because U.N. member nations have to foot the bill, the revonation’s plan must gain approval from the U.N. General Assembly. But it could face resistance in the US. The United States, which pays 22 percent of the U.N. general budget which means American taxpayers would have to pick up the tap to a tune of $350 million.