The 2011 World Cup, to be held in India, Sri Lanka and Bangladesh, is expected to cost the ICC between US$40 million to $50 million according to reports.
The PTI quoted Ratnakar Shetty, the BCCI's chief administrative officer and tournament director, on the figures after he and representatives of other member countries attended a preliminary meeting with ICC commercial manager Jamie Campbell and events manager Christopher Tetley.
"All the expenses are to be borne by the ICC," Shetty said. "The representatives of the member countries were told by the ICC representatives how to take care of the expenses."
Shetty said each country will prepare an individual budget and then a combined budget will be presented to the Central Organising Committee to meet in London in June.