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Olympic Games 2012: Construction

Volume 482: debated on Tuesday 11 November 2008

To ask the Minister for the Olympics whether the £95 million forwarded to the Olympic Delivery Authority in October 2008 from contingency funding related to construction of the Olympic Village was from (a) the Olympic Delivery Authority programme, (b) the Funders' Group and (c) another contingency fund; and if she will make a statement. (229336)

[holding answer 23 October 2008]: £95 million to fund commencement of construction of the Olympic Village was originally allocated from Funders' Group contingency as an interim measure. The Funders’ Group have now confirmed that up to £22 million that has already been spent will be funded from Funders' Group contingency with the balance being funded by the ODA until funding arrangements are further considered, expected to be early in the new year.