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Anorak | When the Olympic Contingency budget is spent, what then?

When the Olympic Contingency budget is spent, what then?

by | 11th, January 2012

THE Olympics contingency budget is worth £2.7 billion. It’s to be used when the costs overrun the project. It’s nearly all been accounted for. The budget for the London 2012 Games is £9.3billion nearly four times the £2.4bn estimate when London’s bid succeeded.

Although the former Olympic Minster Tessa Jowell did tell the Commons in 2003 that the  government “will review the [spending] package in 2005 in the light of what by then will be firmer and more detailed estimates of the costs of staging the games “.

How did the £2.4bn budget come about,

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Posted: 11th, January 2012 | In: Sports Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink