Watchdog 'impressed' with London 2012 budget
Friday, 2 March 2007
Print
Email
The head of the International Committee's watchdog for the London 2012 Games has expressed his satisfaction after a two-day review of progress.
Denis Oswald, chairman of the IOC's co-ordination commission, said the visit had left the IOC "feeling assured and impressed across the board". In particular, around the thorny issue of the cost of running the Games, and separately of building the venues, Oswald said he was happy with the way things are going.
There has been criticism of the Government from rival parties about the delay in delivering an overall cost of the Olympics, but Oswald said: "Our meetings were very productive. We are very happy with the [London organising committee's] budget for running the Games which was broken down clearly for us, and is balanced and unchanged at around the £2bn mark.
"There has been thorough work and progress since the IOC's last visit. We look forward to returning with the full co-ordination commission in June."
