Videocrux - 9.3 billion pound budget for hosting the games

#Videocrux - 9.3 billion pound budget for hosting the games 9.3 billion pound budget for hosting the games
The current 9.3 billion pound budget is far greater than the initial estimate for hosting the games. Organisers claim to have already made 700 million pounds of savings. But agree that delivering a successful Games must remain a priority. Sebastian Coe, You don't want a city where a transport plan unravels within a few hours of the opening ceremony because that's the reputation of damage that generations of Londoners will be dealing with. When London won the right to host the games five years ago few envisaged the economic downturn to come. But it's hoped the vast construction and regeneration spend as well as the buzz of hosting the games themselves will help bounce Britain back to recovery.
Olympic site hitting its stride to be ready for 2012
A couple of years ago it was just bare earth. Today, London's Olympic site is hitting its stride in the race to be ready in time for 2012. With exactly two years to go until the opening ceremony, the main stadium, the velodrome and the aquatics centre are already taking shape. Paul Deighton, We're on schedule and on-budget of course we have to be on schedule because the 27th July 2012 is for us the mother of all immovable deadlines and the building you can see going on around you here, for all intents and purposes needs to be finished a year ahead of time in the summer of 2011.
New govt attempting to make 154b pound deficit
That's to allow time for all venues to be fully tried and tested. But the Games are unlikely to escape unscathed from the cuts being imposed by Britain's new coalition government attempting to make a dent in the record 154 billion pound deficit. Hugh Robertson, British Sports Minister, The Olympics is clearly the biggest thing that's going to happen in this country. And it's happening against a backdrop of the largest peace time budget deficit this country has ever had. So you can argue that against that backdrop the Olympics has to play its part, the Olympic project has to pay its part in paying off the national debt.
9.3 billion pound budget for hosting the games
The current 9.3 billion pound budget is far greater than the initial estimate for hosting the games. Organisers claim to have already made 700 million pounds of savings. But agree that delivering a successful Games must remain a priority. Sebastian Coe, You don't want a city where a transport plan unravels within a few hours of the opening ceremony because that's the reputation of damage that generations of Londoners will be dealing with. When London won the right to host the games five years ago few envisaged the economic downturn to come. But it's hoped the vast construction and regeneration spend as well as the buzz of hosting the games themselves will help bounce Britain back to recovery.

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