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Last Updated: Monday, 10 December 2007, 08:10 GMT
London Olympics budget could rise
By Mihir Bose
BBC sports editor

London 2012
The budget for the London 2012 Olympics could rise beyond 9.3bn.

A study of Olympic costs carried out after Gordon Brown became Prime Minister says there is a 20% chance of the current budget falling short.

But the Government says it is confident the 9.3bn figure - which is four times higher than the cost named in London's bid for the Games - is "robust".

Olympics minister Tessa Jowell will make a written statement on the 2012 budget to Parliament on Monday.

She is expected to reflect the government's confidence in the 9.3bn figure, but it is understood she will not refer to this study.

Although the Government study says that the chance of a budget increase may be slim, the study recognises the high risk of the project, which must be completed on time with the Games to start on 27 July, 2012.

SEE ALSO
2012 chiefs face costs criticism
14 Nov 07 |  UK Politics


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