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Report cites slight increase in Olympic costs

Report cites slight increase in Olympic costs

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.


Updated : 2021-01-22 06:13 GMT+08:00