Preparations for the London 2012 Olympic and Paralympic Games

Download or read book Preparations for the London 2012 Olympic and Paralympic Games written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-02-26 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venues and infrastructure for the 2012 London Olympic and Paralympic Games are on track to be delivered on time for the Games and the cost is currently forecast to be within the £9,325 million budget for the Games announced in March 2007. In 2009, it was decided that the Olympic Village and the Media Centre would be publicly funded after the economic downturn left the private finance plans untenable. These decisions were made on clear value for money grounds, but required some £621 million of contingency funding from within the budget, with the requirement reduced by savings elsewhere on the Olympic Delivery Authority's programme. During 2009, the Government Olympic Executive made progress in bringing together the delivery plans of the various organisations involved and developing an integrated programme. These plans need to be finalised so that testing can start in early 2011. The Home Office has prepared costed plans for its Olympic safety and security programme. However, the Home Office and the London Organising Committee for the Olympic and Paralympic Games (LOCOG) have not yet agreed the precise responsibilities, scope and costs for venues security operations. Concerns remain over: the location of the Media Centre away from the Stratford transport hub and the securing of intended legacy benefits from the Olympic Park and associated venues, including the Media Centre; and the risk of LOCOG being in deficit after the Games.