The Government has spent more than $14 million on the America’s Cup as of the end of 2015, according to recently released figures.

In response to questions by the Progressive Labour Party, economic development minister Grant Gibbons said the total operational and capital development costs for the event totalled $14,145,973 as of December 23, 2015.

The largest listed expense was Capital Development Grants, which were estimated at $7,011,605, followed by $5 million in ACEA sponsorship payments.

ACBDA Ltd received $1.77 million in operating grants, while $170,466 was spent on consultant services and $120,947 on salaries. Other listed expenses included $51,310 in insurance for the event and $20,327 spent on event management.

Dr Gibbons also released a list of contractors and consultants who were paid by ACBDA Ltd last year. A total of 18 companies were contracted, including Correia Construction, East End Asphalt, BCM McAlpine and Dynamite Excavating.

Meanwhile, 15 persons and companies were paid as consultants. Of those, Total Marketing and Communications Ltd received the most, being paid $255,753 for their work.

Other listed consultants included the Bermuda Tourism Authority, Bermuda Environmental Consultants, KPMG and Q-Ship Enterprises.