Salzburg says it could jump in to host the 2014 Winter Olympics if the Russian resort of Sochi fails to finish its facilities in time and in the wake of an alleged terror threat.

Salzburg governor Gabi Burgstaller told the economic daily WirtschaftsBlatt that the Austrian city could revive its bid for the 2014 Games, if asked by the International Olympic Committee (IOC).

`Our great advantage is that we already have almost all our sports facilities,` Burgstaller said in an interview published Wednesday.

`If the IOC needs us and also pays us a fair share of the rather sizeable Olympic Game revenues, I`m there,` she added.

The newspaper said only about 20 of the 250 facilities that need to be built in Sochi were currently in construction.

The city was also unable to find building companies for the skating arena and several hotels in the face of the looming global financial crisis, it added.

Meanwhile, Russian media reported in October that Chechen rebels had planned a bomb attack this summer in Sochi.

In August, IOC Co-Ordination Commission chairman Jean-Claude Killy said it was `feasible` for Russia to finish its facilities on time, but noted that `they cannot stop working one minute, day or night.`

Salzburg could still face strong competition from the Korean city of Pyeongchang, which narrowly lost the 2014 Olympic bid to Sochi last year, WirtschaftsBlatt noted.

Salzburg, one of three bids to make it into the final selection, went out in the first round of voting in Guatemala City.

Austria already stepped in to host a Winter Olympics in 1976, when the Tyrolean resort of Innsbruck took over from the US city of Denver.