The Olympics

The Olympics

Text

News, information and stories about the PyeongChang Winter Olympic Games and the Olympics in general.

Wednesday, October 15, 2008

Bailout

As predicted, the credit crunch has negatively impacted plans for the 2012 London Olympics.

The contingency fund has been tapped to provide £95M to bail out part of the project.

The Olympic Village project was originally intended to be a public-private partnership. However, the contractors (Lend Lease) have a funding shortfall of £250M. It is likely that further taxpayers' money will be needed to bailout the games.

Olympic Medals won during the Beijing 2008 Olympics

Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"

No comments:

Post a Comment