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Olympic Games: Finance

Volume 465: debated on Wednesday 24 October 2007

To ask the Minister for the Olympics what preparations have been made for handover ceremonies at Beijing 2008; how much money has been set aside for such ceremonies; and how much has so far been spent. (156944)

The London Organising Committee of the Olympic games and Paralympic games (LOCOG) is a privately funded commercial organisation. Due to commercial sensitivities, particularly with regards to ensuring that LOCOG is in a position to ensure value for money from suppliers and contractors, the final budgets for the Cultural Olympiad have not been published.

LOCOG is currently developing plans for the Beijing handover ceremony and complementary handover events to mark the occasion within the UK.