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Olympic Games 2012: Finance

Volume 470: debated on Monday 7 January 2008

To ask the Minister for the Olympics what recent assessment she has made of the adequacy of the existing contingency fund within the Olympic budget; and if she will make a statement. (174021)

[holding answer 13 December 2007]: I refer the hon. Member to my written statement of 10 December 2007, Official Report, column 9WS; and also to the response I provided to the hon. Member for Maldon and East Chelmsford (Mr. Whittingdale) on 10 December 2007, Official Report, column 19.

As I said in my written statement,

“the programme-wide risks, and other risks outside the ODA’s control, have been assessed and quantified and the contingency available has been confirmed as sufficient to cover such risks.”