FACTBOX - London 2012 Olympic cost breakdown

Mon Dec 10, 2007 7:32pm GMT
 
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LONDON (Reuters) - The London 2012 Olympic Games remains on track not to exceed its 9.3 billion pounds budget, the government announced on Monday.

Olympics Minister Tessa Jowell gave the update in a written statement to the House of Commons as part of the most detailed financial breakdown of the Games' costs.

It followed a request in July by the financial watchdog, the National Audit Office, to draw up a detailed baseline for controlling the budget.

A total of 8.1 billion pounds will be made available to the Olympic Delivery Authority, including 2 billion pounds of contingency.

A total 1.2 billion pounds will be spent on non-ODA activities, such as elite and community sports, the Paralympic Games and security.

Here is an outline of the costs in millions of pounds, including VAT, unless stated otherwise:

Non-ODA costs:

Elite and community sports, 290; Paralympic Games, 66; Look of London, 32; security, 600, and security contingency, 238.

ODA costs:  Continued...

 
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