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This presentation was given to international journalists by Olympics minister Hugh Robertson, Dennis Hone of the Olympic Delivery Authority and David Goldstone, director of finance at the Government Olympic Executive, on June 13, 2012. It explains the background behind the publication of the government's final quarterly economic report on London 2012.
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GOE QUARTERLY REPORT – June 2012
Hugh Robertson MPMinister for Sport & Olympics
Dennis HoneChief Executive, Olympic Delivery Authority
David GoldstoneDirector of Finance, Government Olympic Executive
13 June 2012UNCLASSIFIED
JUNE 2012JUNE 201244 days to Olympic Games Opening Ceremony44 days to Olympic Games Opening Ceremony
UNCLASSIFIED
Olympic Park delivered on time and within budget Construction virtually complete £476m of uncommitted contingency remaining Successful test events A great Jubilee weekend Country embracing Torch Relay In a strong position but no complacency as challenges remain
UNCLASSIFIED
THE CHALLENGE – 2005 THE CHALLENGE – 2005
UNCLASSIFIEDThe contaminated site was filled with disused tyres and industrial waste
UNCLASSIFIEDThe site was limited by old infrastructure and poor transport links
UNCLASSIFIEDDraining of debris-filled Pudding Mill river that ran through Olympic Park site
UNCLASSIFIEDThe site was criss-crossed by electricity pylons that had to be dismantled
UNCLASSIFIEDThe UK’s largest and greenest clean up operation
OLYMPIC PARKOLYMPIC PARK
UNCLASSIFIED
NEW WORLD-CLASS SPORTS VENUES
UNCLASSIFIED
NEW WORLD-CLASS SPORTS VENUES
UNCLASSIFIED
UNCLASSIFIED
CUTTING-EDGE DESIGN – PERMANENT ALONGSIDE TEMPORARY
A NEW COMMUNITY – FOR GAMES & LEGACY
UNCLASSIFIED
Olympic & Paralympic Village – Home to 23,000 athletes and officials during Games– Converted into more than 2,800 homes in legacy
A new school (Chobham Academy) and new health centre
UNCLASSIFIED
NEW INFRASTRUCTURE FOR EAST LONDON
New utilities networks to provide power, water and sanitation built for Games and in legacy (energy centre, primary substation, pumping station)
30 bridges and connections built for Games and in legacy
UNCLASSIFIED
TRANSPORTTRANSPORT
Making East London one of the most connected parts of the capital
£6.5bn investment into transport system ahead of London 2012, including £400m investment by ODA
Capacity at Stratford station trebled with over 200 trains per hour in 2012
UNCLASSIFIED
SUSTAINABILITY Built into venues, e.g. Velodrome built with 100% sustainably sourced timber
98% of materials generated from demolition works reused or recycled
~60% reduction achieved in Olympic Park’s carbon footprint
Renewed waterways, wildlife relocated, new habitats created
UNCLASSIFIED
JOBS & BUSINESS
More than 46,000 worked on Olympic Park during construction, 1/5th from local communities
Promoting employment & improving skills
Exemplary health and safety record
Olympic Park is a showcase for best of British business and global design skills
£7.5bn worth of contracts (ODA & LOCOG)
PUBLIC SECTOR FUNDING PACKAGE: FUNDERS
2007 Baseline Budget 31 May 2012
UNCLASSIFIED
PUBLIC SECTOR FUNDING PACKAGE: BREAKDOWN(£9,298m)
UNCLASSIFIED
LESSONS FOR THE FUTURE
Learning Legacy website
Working with Rio
Delivering major projects
UNCLASSIFIED
UNCLASSIFIED
JUNE 201244 days to Olympic Games Opening Ceremony
Olympic Park delivered on time and within budget
£476m of uncommitted contingency remaining
World class performance by UK PLC
No complacency as the UK is getting ready to welcome the world
UNCLASSIFIED
Q & A