Costs Rise By £53M

The ever flexible London Olympics "budget" (currently standing at around £12BN - including £2BN running costs) has hit the headlines again.

The estimated costs of the Olympics have risen by £53M. The costs rises are projected in the following areas:

- the aquatics centre,
- the compulsory purchase of land
- and performance-related payments to CLM, the project management team.

Fortunately the "budget" is a highly flexible beast, and the Olympics organisers have assured everyone that savings can be found to offset this £53M.

I shall believe that when I see it!

Olympic Medals won during the Beijing 2008 Olympics

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