Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Olympic Games 2012: Finance

Olympics written question – answered on 8th May 2008.

Alert me about debates like this

Photo of Pete Wishart Pete Wishart Shadow Spokesperson (Culture, Media and Sport), Shadow Spokesperson (Home Affairs), Shadow Spokesperson (International Development), Shadow Spokesperson (Justice)

To ask the Minister for the Olympics what consultations the Government have undertaken with financial institutions on financing the 2012 Olympics; and what the cost of such consultations was.

Photo of Tessa Jowell Tessa Jowell Minister of State (Cabinet Office) (Olympics and Paymaster General)

The Government Olympic Executive has received informal advice, at no cost from financial institutions, on the possibilities for financing the 2012 Olympic and Paralympic Games.

The International Broadcast Centre/Main Press Centre and the Olympic Village are developer-led projects in which the developer is responsible for bank and equity funding. The Olympic Delivery Authority has taken and will continue to take appropriate advice on the nature of these transactions but does not have direct contractual relations with any financial institutions, and consequently has not paid for any advice from them.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.