London Olympics will cost �9.325 billion.......................
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London Olympics will cost �9.325 billion.......................
http://uk.news.yahoo.com/15032007/397/london-olympics-cost-9-325-billion-0.html
London Olympics will cost �9.325 billion
Thursday March 15, 01:30 PM
The cost of hosting the 2012 Olympic Games in London is soaring with
the Government announcing a revised budget of more than �9 billion.
The original estimate for the hosting the games was �4 billion but
Culture Secretary Tessa Jowell insists the extra �5 billion will be
money well spent.
The big increase in the cost of staging the games has provoked anger
among critics.
To cries of "scandalous" from the Opposition benches, Ms Jowell told
MPs that central government provision for the 2012 Games would now be
�6 billion. She said the Lottery will make an extra contribution of
�675 million.
Shadow Olympics minister Hugh Robertson protested that in less than a
year there had been a trebling in the budget for which the Government
was responsible.
And he accused ministers of "raiding" the Lottery to make up the
funding shortfall, penalising clubs and small organisations.
London Olympics will cost �9.325 billion
Thursday March 15, 01:30 PM
The cost of hosting the 2012 Olympic Games in London is soaring with
the Government announcing a revised budget of more than �9 billion.
The original estimate for the hosting the games was �4 billion but
Culture Secretary Tessa Jowell insists the extra �5 billion will be
money well spent.
The big increase in the cost of staging the games has provoked anger
among critics.
To cries of "scandalous" from the Opposition benches, Ms Jowell told
MPs that central government provision for the 2012 Games would now be
�6 billion. She said the Lottery will make an extra contribution of
�675 million.
Shadow Olympics minister Hugh Robertson protested that in less than a
year there had been a trebling in the budget for which the Government
was responsible.
And he accused ministers of "raiding" the Lottery to make up the
funding shortfall, penalising clubs and small organisations.