To ask the Minister for the Olympics what the bid book estimate is for construction of (a) the broadcast/media centre and (b) the athletes village for the London 2012 Olympics. (184387)

The bid book capital investment estimate for the International Broadcast Centre and Main Press Centre (IBC/MPC) was $215 million (approx. £134.4 million at a USD/GBP exchange rate of 1.6). The bid book capital investment estimate for the Olympic Village was $1.04 billion (approx. £650 million at a USD/GBP exchange rate of 1.6).

The bid book figures were calculated at 2004 prices in US Dollars (an IOC requirement) and did not include VAT.