The government says preparations for the 2012 London Olympics remain on schedule and within budget, with a projected slight increase in the final cost.
In its latest quarterly report on the Olympic budget, the government cites a 5 million pound ($7.2 million) rise in the projected cost. The potential increase is forecast in transportation and infrastructure.
The report says the increases would be mitigated by savings and reduction in risk-related costs. It says the Olympics remain within the overall public sector budget of 9.3 billion pounds ($13.3 billion).
The report says the Olympic Delivery Authority, the body responsible for building the venues and infrastructure for the games, has saved about 130 million ($187 million) in the last quarter.
Report cites slight increase in Olympic costs
