News story

2012 Olympic Games remain on time and within budget

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Annual Report on the London 2012 Olympic and Paralympic Games published today

The London 2012 Olympic and Paralympic Games remain on time and within budget, data published today by the Government and Olympic Delivery Authority (ODA) confirms.

Figures from the Government’s Annual Report, which covers January to December 2010 and includes the economic update figures from October to December 2010, show that the overall funding package for the Games remains at £9.298bn.

“The construction phase is progressing on time and to budget putting the London 2012 programme in the best possible shape,” said Hugh Robertson, Minister for Sport and the Olympics. “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.”

Key achievements

Construction of the venues and infrastructure for the Games is 79 per cent complete with key achievements this year including: the completion of the first purpose-built venue, the Lee Valley White Water Centre at Broxbourne and the official turning on of the Stadium lights by the Prime Minister. The Velodrome is on course to be the first Olympic Park venue to be completed. The ODA also announced today that the Multi Storey Car Park for the Main Media Complex is complete.

Further information