2012 London Olympics 'still on budget'

Work is nearing completion on the 2012 Olympic stadium The Olympic Stadium is set to become West Ham's football ground after 2012

Related Stories

The London 2012 Olympic and Paralympic Games are set to be ready on time and within budget, say the government and Olympic Delivery Authority (ODA).

The total budget remains £9.298bn and the anticipated final cost is £7.301bn.

Olympics Minister Hugh Robertson said: "Construction is progressing on time and to budget, putting the London 2012 programme in the best possible shape."

But ODA Chief Executive Dennis Hone said: "There is still a lot of hard work ahead."

Last week it was announced that West Ham United were the preferred bidder to take over the Olympic Stadium after the Games.

In 2003, then government minister Tessa Jowell launched the Olympic bid and told MPs it would cost £2.375bn.

By 2007, the budget had risen to £5.3bn, including regeneration and infrastructure, but that was later raised further.

Mr Robertson said: "This is the year when tickets will go on sale, test events start, volunteers are recruited, the torch relay route is announced and venues start being prepared for competition. Now is the time for everybody to start planning their Games."

Mr Hone said the project was on schedule and within budget: "The project is now 79% finished to Games-time with the velodrome set to become the first venue on the park completed later this month.

"We continue to bear down on costs where possible with around £780m now saved since the start of the project to keep us within budget.

"The ODA is on track to deliver a fantastic stage for the Games and in legacy, though we are not complacent - there is still a lot of hard work ahead."

Last year the ODA accepted responsibility for the operation of the Olympic Park and its venues and facilities between 2011 and 2014.

The ODA's budget for this additional work has now been finalised at £158m.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC London



13 °C 9 °C


  • photo of patient zero, two year-old Emile OuamounoPatient zero

    Tracking first Ebola victim and and how virus spread

  • A young Chinese girl looks at an image of BarbieBarbie's battle

    Can the doll make it in China at the second attempt?

  • Prosperi in the 1994 MdSLost in the desert

    How I drank urine and bat blood to survive in the Sahara

  • Afghan interpetersBlacklisted

    The Afghan interpreters left by the US to the mercy of the Taliban

  • Flooded homesNo respite

    Many hit by last winter's floods are struggling to pay soaring insurance bills

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.