UK expects 2012 Olympics to be under budget
Published
Jul. 19, 2011 9:38 a.m. ET
foxsports
Britain's Olympics minister says the 2012 London Games will be delivered under budget.
Hugh Robertson says the anticipated final cost of the Olympic construction project has decreased by $25 million to $11 million since May.
Discussing the overall $15 billion cost of the games, Robertson told reporters on Tuesday that he is confident that the Olympics will come in under budget.''
As London prepares to mark the one-year countdown next week, the Olympic Delivery Authority says 88 percent of the construction is complete.
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Robertson says the ODA has driven down costs, and ''can celebrate one year to go with confidence and a real sense of excitement and expectation.''
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