London 2012 to be delivered under budget
Nearly 拢500m of contingency funds still available as Opening Ceremony approaches
Figures from the before the Games show London 2012 is on track to be delivered on time and under budget.
The overall funding package for the Games remains at 拢9.298 billion with 拢476 million of uncommitted contingency available.
The anticipated final cost of the (ODA) construction and transport programme is 拢6.761 billion - a decrease of 拢16 million on the previous quarter.
Savings made by the ODA up to 31 May this year have now topped the billion pound mark in total, reaching 拢1.004 billion.
鈥淲ith only 44 days to go before the Olympics it is fantastic news that there is still 拢476 million of contingency funds left,鈥� said Culture Secretary . 鈥淏ritain has proved that not only can we put on a great show for the world to watch like we did with the Jubilee but that we can also deliver big construction projects on time and on budget.鈥�
Olympics Minister added: 鈥淭he transformation of the previously contaminated land into the Olympic Park on time and under budget is a great success story for UK plc. I would like to thank all those who have worked so hard to deliver this project in such an exemplary manner.
鈥淲e can now look forward to a summer of sport built upon the firm foundations set down by the ODA, LOCOG and everyone else involved in the project.鈥�