The 2011 World Cup, to be jointly hosted by India, Sri Lanka and Bangladesh, is expected to cost between $40 and 50 million.

The figure was worked out at a preliminary meeting of the 2011 World Cup sub-committee looking into operations planning and event budgeting on Wednesday, said tournament director and Cricket Board's Chief Administrative Officer, Prof Ratnakar Shetty.

The preliminary meeting, in which two representatives of the International Cricket Council -- including its General Manager (Commercial) Jamie Campbell -- guided the member countries' representatives on the intricacies in preparing the budget for the event, according to Shetty.

"The 2011 World Cup is an ICC event to be jointly organised by Sri Lanka, Bangladesh and India. All the expenses are to be borne by the ICC. The representatives of the member countries were told by the ICC representatives how to take care of the expenses", Shetty said.

Shetty said each of the organising country is different as far as expenses in hosting matches are concerned.