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2012 Games preparations 'on course'

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Latest figures from the government have confirmed that preparations for the London 2012 Olympic and Paralympic Games continue to be progressing "on time and within budget".

The November 2011 Olympic Quarterly Economic Report said the overall funding package has remained at £9.298bn, with more than £500m of contingency still available.

It is anticipated the final construction, infrastructure and transport programme cost will be £6.856bn, which represents a decrease of £394m since the last quarterly report in July.

Meanwhile, it has also been confirmed that an additional £41 will be made available to support the organisation of the opening and closing ceremonies, while security funding has grown by a further £271m.

Hugh Robertson, minister for sport and the Olympics, said: "Consistent careful management of the finances has enabled us to fund additional costs such as venue security from within the public sector funding package."

Details: www.culture.gov.uk

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Latest figures from the government have confirmed that preparations for the London 2012 Olympic and Paralympic Games continue to be progressing "on time and within budget".
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