- 08 Feb 2007
- IOC News
IOC talks about London 2012 budget issues
We have total confidence in the London 2012 organisers – LOCOG, the ODA, the City of London and the government. Indeed, only today in the Executive Board meeting, the quality of the people working on the London project was praised by Denis Oswald, the Chairman of the IOC Coordination Commission. London 2012’s plans for their Games are ambitious and inspiring, and these Games will be some of largest and most spectacular in Olympic history.
As part of the IOC’s project review meeting at the end of this month, we will receive an update on the budget along with updates on all functional areas such as venues, sport, marketing, communications, transport, etc. This is standard practice - part of the normal order of the project review meetings we have with all host cities.