PracticeAuditNAO warns Olympics budget at risk

NAO warns Olympics budget at risk

NAO warns cost blow out of the London Olympics could put the ?9.5bn budget at risk

The
National
Audit Office
(NAO) has warned that unresolved issues over London Olympics
construction deals, how venues will be used after 2012, and security for the
games could put the £9.3bn budget at risk.

In a report, it also urged the Olympic Delivery Authority (ODA) to hold a
‘firm line’ on calls for changes in the design of venues and infrastructure, or
risk overshooting the budget, according to
The
Press Association
.

‘The preparations for the Games are well under way. But important challenges
remain which will become more formidable as the spotlight turns to London after
the Beijing Games,’ Tim Burr, head of NAO, said.

‘Uncertainties over the deal for the village, legacy requirements and
policing and security may add cost, or compromise the preparations for a
successful games. The delivery bodies need to maintain a firm stance on cost and
keep in sight the intended legacy benefits too.’

Further reading:

Treasury forced to bail out 2012 Olympic village

On the money with Gavin Hinks

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