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Olympic Games 2012: Finance

Volume 471: debated on Wednesday 30 January 2008

To ask the Secretary of State for Culture, Media and Sport what payment is being made to Fast Track for the contract to help raise £100 million from the private sector to help fund athletes in the run up to the 2012 Olympics in London. (183120)

The Department and UK Sport are currently in discussion with Fast Track about the contractual arrangements for the project to raise £100 million from the private sector.

We do not expect that public funding will be used to pay for this project.