Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Olympic budget confirmed at £9.3bn

As predicted in NCE's own cost analysis of the Olympics (NCE 23 November 2006) the budget for the London 2012 Games was confirmed by Culture Minister Tessa Jowell today at over £9bn
Construction costs were confirmed at £5.3bn including £3.1bn for building the Olympic Park and the venues, £1.7bn for Olympic infrastructure and regeneration and a £500M contingency.In addition to this the government will retain a £2.2bn contingency fund 'held under very tight conditions'.Funding will come mainly from central government, which has committed to £6bn, including the £840M tax bill. Total lottery contribution will be £2.2bn and the Mayor of London is contributing an extra £300M from his budget. Some security funding is also expected from the Home Office.A full cost analysis will appear in NCE 22 March

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.

Related Jobs