Games remain on time and on budget
Anticipated final cost of construction programme is going down, latest Quarterly Report reveals.
Figures from the Government鈥檚 show that the overall funding package for the Games remains at 拢9.298bn.
The Anticipated Final Cost (AFC) of the Olympic Delivery Authority () programme is 拢7.250bn - a decrease of 拢16m on , where the AFC stood at 拢7.266bn.
In total 拢870m in savings have been achieved by the ODA since the November 2007 baseline budget was agreed, including 拢33m in the last quarter.
Creating a lasting legacy
鈥淭he ODA have continued to drive down costs which means we can celebrate one year to go with confidence and a real sense of excitement and expectation,鈥� said , Minister for Sport and the Olympics.
Construction of the venues and infrastructure for the Games is almost complete with five Olympic Park venues finished. The will be completed and unveiled on聽27 July marking one year to go until the opening ceremony.
聽鈥滱s we near the end of the construction stage, we remain on schedule and within budget,鈥� said John Armitt ODA Chairman. 鈥淎 world-class platform has been created for the Games and strong foundations will be left to build a lasting legacy.鈥�
Further information
- 聽(Dec 2010)