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SBD Global/June 14, 2012/Olympics
Under Its Olympic Budget, The British Government Will Focus On Crowd Management
Published June 14, 2012
MONEY TO SPEND: REUTERS' Keith Weir reports that Britain has nearly £500M ($777M) "left unspent" in its Olympic budget. Public funding for the Games has increased to £9.3B ($14.5B), "more than double the figure anticipated" when London was awarded them in '05. Sports Minister Hugh Robertson said, "We are becoming increasingly certain that we can deliver these Games for under £9B and if we could do that, that would be a remarkable achievement." (REUTERS, 6/13).
NUMBERS TELL THE STORY: The London GUARDIAN's Data Blog extracted the costs from the latest report on the costs of the Games and added them to a Google Spreadsheet. The numbers show the security for the park was "the item most under budget" -- at £10M ($15.5M) less than expected in '11. Conversely, the bridges and highways cost £12M ($18.7M) more than expected in '11 (GUARDIAN, 6/13).