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Olympic Games 2012: Finance

Olympics written question – answered on 11th June 2009.

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Photo of Bob Spink Bob Spink Independent, Castle Point

To ask the Minister for the Olympics what her most recent estimate is of the cost of hosting London 2012 Olympics events at the ExCel centre in London.

Photo of Tessa Jowell Tessa Jowell Minister of State (Regional Affairs) (London), Minister (Cabinet Office) (Also Minister for Olympics and Paymaster General)

The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) has responsibility for staging the Olympic and Paralympic Games at existing venues. The direct costs associated with staging the events at existing venues come from LOCOG's revenues which are primarily derived from commercial sponsorship, broadcast rights, ticket sales and merchandising/licensing—not from the public purse.

There will be attributable costs to the public purse, for example in respect of the security and transport functions associated with the venue. However these costs have not yet been identified separately for individual venues, but they will form part of the overall security and transport budgets.

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