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Tuesday, 22 November 2005 |
Sebastian Coe not worried over 2012 Olympics costs
Sebastian Coe has rejected claims that the cost of staging the London
2012 Olympics is to double in price and he is confident the costs of
staging the Games will remain at the present estimated figure of
£1.5bn.
Reports in the Sunday newspapers had suggested costs for the Olympics will rise, with Londoners footing the bill.
But Sebastian Coe, chairman of the London organising committee, said:
"The reports are wrong. It is not the first scare story and it won't be
the last."
"There is an overriding ambition by all the partners in this process to
make sure we deliver on time to budget and to the right spec," he said.
"We have a lot of things in place to make sure that we deliver on exactly that.
"I am not going to say that this is a risk-free process, there are a number of things you have to navigate.
"But unlike pretty much any previous city we went to Singapore with
three very important things in place which have allowed us to develop
the programme very rapidly.
"There was the finance, nailed down by government, the 500 acres of outline planning permission as well as the land acquisition.
"We have addressed issues early on and we know have the people in place
to make sure the project goes ahead under the very best of protocols,"
Sebastian Coe added.
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