Latest Olympic Quarterly Report published
Anticipated final cost reduced by 拢211 million since 2010 Spending Review.
Figures from the Government鈥檚 show that the overall funding package for the Games remains at 拢9.298 billion with 拢527 million of uncommitted contingency available, a reduction of 拢1 million on the previous quarter.
鈥淲ith 150 days to go to the Games, we remain on time and within budget with more than 拢500 million of uncommitted contingency remaining,鈥� said . 鈥淭his puts us in a strong position and gives me increasing confidence that we can deliver the Games under budget.鈥澛�
Decrease in construction and transport costs
The anticipated final cost of the Olympic Delivey Authority鈥檚 (ODA)聽construction, infrastructure and transport programme is 拢6.777 billion, a decrease of 拢79 million on the previous quarter. This includes 拢26 million that the ODA has returned to DCMS which is being transferred to LOCOG and the OPLC for work on Park Venues and security. On a like-for-like basis, the ODA鈥檚 anticipated final cost has reduced by 拢211 million since the .
The聽construction programme is 96% complete.