Government Olympic Executive (Quarterly Report)
Culture Media and Sport
Hugh Robertson (Parliamentary Under Secretary of State, Culture, Olympics, Media and Sport; Faversham and Mid Kent, Conservative)
I am publishing today the Government Olympic Executive’s Quarterly Report—“London 2012 Olympic and Paralympic Games Quarterly Report June 2012”. This report explains the latest budget position as at
The anticipated final cost (AFC) of the Olympic Delivery Authority’s (ODA) construction and infrastructure programme is £6.761 billion. This is a decrease of £16 million since the previous quarter. With additional savings in the period to
The Olympic park and village were transferred from the ODA to the London 2012 Organising Committee for the Olympic and Paralympic Games (LOCOG) in January so they can prepare the venues for staging the games. Funding made available to LOCOG has increased by £29 million in the quarter as a result of transfers from the ODA, and for additional infrastructure works.
With just 44 days to go until the opening ceremony of the London 2012 Olympic games, construction of the Olympic park is virtually complete. LOCOG has held 42 test events in 28 venues with more than 8,000 athletes taking part in all Olympic sports and six Paralympic sports. This has not only enabled us to be better prepared for games-time but given 350,000 spectators the chance to preview the world-class sport expected this summer.
The consistent and careful management of the London 2012 programme has enabled us to find additional security requirements, and invest in projects to help drive economic growth and tourism as a result of the games, all while staying within the £9.3 billion public sector funding package.
I would like to commend this report to the members of both Houses and thank them for their continued interest in and support for the London 2012 games.
Copies of the quarterly report June 2012 are available online at: www.culture.gov.uk and will be deposited in the Libraries of both Houses.