Quebec City hung onto its co-hosting dutiesfor the 2008 men's world hockey championship aftersolving funding problems.

The city will fund the event in part by dipping into the budget for Quebec City's 400th anniversary celebrations,coinciding with the championship, which is being co-hosted byHalifax.

The 400th anniversary committee will inject $6 million into the hockey tournament, while Quebec City will contribute $1 million. Ticket sales should generate the remainder of the tournament's estimated $11-million budget, said Quebec City Mayor Andrée Boucher.

The provincial and federal governments won't be contributing any more money to the championship, because they've already committed millions to the 400th anniversary fund, Boucher said.

An organizing committee has also been established, including Jacques Tanguay, co-owner of the Quebec Remparts junior hockey team.

The 400th anniversary committee can afford to help the tournament financially, said president Jean Leclerc.

"We [will] reassign some marketing and publicity money. And we will make some little changes to some winter events. That's how we'll finance it," he said.

Hockey Canada had chastised Quebec City for its haphazard approach to planning for the championship.

Quebec City was given until Tuesday to sort out the event details, or else it risked losing the tournament.

The budget will be put to vote at Quebec City council on Wednesday.

With files from the Canadian Press