News story

London 2012 to be delivered under budget

Nearly £500m of contingency funds still available as Opening Ceremony approaches

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Figures from the before the Games show London 2012 is on track to be delivered on time and under budget.

The overall funding package for the Games remains at £9.298 billion with £476 million of uncommitted contingency available.

The anticipated final cost of the (ODA) construction and transport programme is £6.761 billion - a decrease of £16 million on the previous quarter.

Savings made by the ODA up to 31 May this year have now topped the billion pound mark in total, reaching £1.004 billion.

바카라 사이트With only 44 days to go before the Olympics it is fantastic news that there is still £476 million of contingency funds left,바카라 사이트 said Culture Secretary . 바카라 사이트Britain has proved that not only can we put on a great show for the world to watch like we did with the Jubilee but that we can also deliver big construction projects on time and on budget.바카라 사이트

Olympics Minister added: 바카라 사이트The transformation of the previously contaminated land into the Olympic Park on time and under budget is a great success story for UK plc. I would like to thank all those who have worked so hard to deliver this project in such an exemplary manner.

바카라 사이트We can now look forward to a summer of sport built upon the firm foundations set down by the ODA, LOCOG and everyone else involved in the project.바카라 사이트

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Published 13 June 2012