Olympics

London Olympics $600M under budget?

Olympic Stadium
Surplus funds may go to revamping Olympic Park.
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LONDON (AP)

The British government says the London Olympics cost about $600 million (400 million pounds) less than expected.

ALL ABOUT KATE

The Duchess of Cambridge, Kate Middleton, certainly turned heads at the London Games.

The final financial report for the games projects that the cost will be $14.285 billion from an original budget of $14.878 billion.

Savings came from a drop in security, transport and construction costs for the Olympics and Paralympics.

As a result of those savings and the unused part of the contingency budget, $770 million is left unspent.

The government says this will cover ''risks'' linked to the revamping of the Olympic Park.

Olympics minister Hugh Robertson says, ''it is a significant achievement to deliver this large and complex program on time and under budget.''

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