Page last updated at 15:18 GMT, Wednesday, 17 March 2010

Legacy cost of London's Olympics 'still unclear'

The Olympic Park in east London
Construction work continues on the Olympic Park in Stratford, east London

The amount of money needed to ensure London's Olympic Park has a lifespan beyond the 2012 Games remains unclear, Olympics minister Tessa Jowell says.

It was "difficult to be precise" until further planning had been done, she told a committee of MPs.

About £450m is thought to be needed to convert the venue after the Games but this was still a "highly provisional approximate figure", she added.

The cost is not covered by the existing £9.3bn Olympic budget.

Instead, the funding is expected to come from central government, the Department for Communities and Local Government or City Hall - or a combination of the three.

So far £350m has been set aside to ensure the park, in Stratford, has a legacy which benefits east London for many years to come.

But even more money could be required for this purpose, Ms Jowell told the Commons Culture, Media and Sport committee.

"Until the masterplan is confirmed and the phasing of development is confirmed, it is difficult to be precise," she said.

Communities Minister Shahid Malik, who also appeared before the committee, said it was "premature" to discuss a figure at this stage.

"We need the legacy masterplan in place then we can look at what funding requirements might be," he said, adding he was "confident" the money would be found.



Print Sponsor


SEE ALSO
Call for Olympics tickets clarity
17 Mar 10 |  London
Slush fund warning for 2012 Games
26 Feb 10 |  London
Olympic security costs may rise
10 Feb 10 |  Business
West Ham revive Olympic stadium hopes
03 Feb 10 |  West Ham
Olympic land budget's 159m hole
11 Sep 09 |  London

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific