The Olympic Board, which I co-chair, provides strong and effective governance and oversight of preparations for the 2012 Olympic Games and Paralympic Games. It meets regularly to review progress across the programme.
After London won the right to host the games in July 2005, I initiated a thorough and ongoing review of costs on which I reported to the Culture, Media and Sport Select Committee on 21 November 2006. This work is continuing.
Furthermore, to ensure that costs are kept under rigorous scrutiny and review and that the timescales of the programme are met, the Olympic Delivery Authority, which is responsible for delivering the infrastructure and venues for the Games, has appointed a delivery partner—CLM—to manage the procurement and delivery of the facilities.
[holding answer 2 February 2007]: I have nothing to add to my answer of 29 January 2007. To release further cost information on each of the individual elements of the £900 million increase that I announced to the Culture, Media and Sport Select Committee could prejudice the commercial negotiations that the Olympic Delivery Authority are currently undertaking with private developers.
The Olympic Delivery Authority have employed PMP to identify options for the legacy use of the Olympic stadium. This work is ongoing.
The use of London council tax to support expenditure on the Olympic Games is a matter for the Mayor of London.
(2) what her estimate is of the change in the Olympics precept on London council tax bills as a result of the recently announced cost increases.
The 2003 Memorandum of Understanding between the Government and the Mayor of London provides for cost overruns to be met in a sharing arrangement to be agreed as appropriate between them. The memorandum makes no presumptions about the use of council tax, which is a matter for the Mayor and he has made his position on this clear.
We are currently exploring a range of options and will report to Parliament when a resolution has been reached.
The London Organising Committee for the Olympic Games and Paralympic Games is working with key stakeholders including my Department to stage a number of inspiring ceremonies. These include the handover ceremony at the Beijing Games, the opening and closing ceremonies, the welcoming of the athletes to the Olympic Village, the medal ceremonies, the Torch Relay, and the Olympic Youth Camps.
In addition, the Cultural Olympiad will be delivered and funded in partnership with a range of public and private partners.
The London 2012 Organising Committee is currently finalising the budgets for each of these important elements of the Olympic Games and Paralympic Games. It is working within the overall framework set out in the candidate file and is confident that it sits within its £2 billion revenue budget.