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01 Mar 2007
IOC News , Press Release

IOC assured and impressed after two day catch up ‘Project Review’

The International Olympic Committee today concluded two days of meetings with the organisers of the London 2012 Olympic Games and Paralympic Games, LOCOG. The ‘Project Review’ - a regular six month catch up whereby an IOC delegation meets with the Games organisers to work through a wide range of areas and get an update on preparations, left the IOC feeling assured and impressed across the board.
Topics discussed between the IOC and LOCOG Chairman Sebastian Coe and CEO Paul Deighton, plus members of their team, covered; sport, transport, technology, finance, environment and sustainable development, commercial, communications and media operations, Olympic village, venue construction, venue management and Games operations, accommodation, culture, ceremonies and education, legal, human resources and programme management.

Commenting on the meetings, Denis Oswald, IOC Member and head of the delegation said, “Our meetings were very productive and effective. Regarding finance, we are very happy with LOCOG’s budget which was broken down clearly for us, and is balanced and unchanged at around the £2billion mark. We also have an understanding of the processes in place by which the government will finalise its budget. In the numerous functional areas LOCOG presented to us it was clear that there has been thorough work and progress since the IOC’s last visit. We look forward to returning with the full Coordination Commission in June.”
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