London 2012 Olympic and Paralympic Games Quarterly Report
Still聽on time, still within budget.
The Government and the聽 (ODA) have published the London 2012 Olympic and Paralympic Games Budget Report.
鈥淎s we approach two years to go until the Games, and with more than two-thirds of the construction phase complete, we are in an excellent position,鈥� said , Minister for Sport and the Olympics.
鈥淲ith a little over two years to go until the Games we are in good shape - on schedule and within budget,鈥� added David Higgins, Chief Executive of the ODA.
Main points
Deficit reduction
拢27m of savings聽will contribute to deficit reduction measures without affecting the project
Funding
the public sector funding package for the Games is now 拢9.298bn
Final cost
the anticipated final cost is down 拢6m
Savings
over 拢100m of savings achieved in the last quarter. Around 拢700m total savings been achieved since the November 2007 baseline budget was agreed