Organizers of the Giro d'Italia were persuaded to start the competition in Israel by the Jewish Canadian billionaire Sylvan Adams, who made aliya (the immigration of Jews from the diaspora to the Land of Israel) to Israel and agreed to finance most of the competition's expenses out of his own pocket.
Convinced of the competition's potential popularity and its positive impact on tourism and Israel's public image, the Israeli government agreed to chip in to help with the expenses.
Public Security Minister Gilad Erdan has already announced that the Israel Police and his office will share the costs of security and policing, which will include, inter alia, helicopters, road closures, and a security detail for the cyclists.
In total, the cost of bringing the competition to Israel is estimated to be $20 million.