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Olympic Games 2012

Volume 494: debated on Friday 19 June 2009

To ask the Minister for the Olympics what her latest estimate is of the cost of hosting the London 2012 Olympics (a) gymnastics, (b) wheelchair basketball and (c) basketball events at North Greenwich Arena 1. (278973)

The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) has responsibility for staging the Olympic and Paralympic Games at existing venues. The direct costs associated with staging the events at existing venues come from LOCOG’s revenues which are primarily derived from commercial sponsorship, broadcast rights, ticket sales and merchandising/licensing—not from the public purse.

There will be attributable costs to the public purse, for example in respect of the security and transport functions associated with the venue. However these costs have not yet been identified separately for individual venues, but they will form part of the overall security and transport budgets.

To ask the Minister for the Olympics what her latest estimate is of the cost of hosting the London 2012 Olympics (a) badminton, (b) rhythmic gymnastics and (c) volleyball events at North Greenwich Arena 2. (279445)

The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) has responsibility for staging the Olympic and Paralympic Games. The direct costs associated with staging the events come from LOCOG’s revenues which are primarily derived from commercial sponsorship, broadcast rights, ticket sales and merchandising/licensing—not from the public purse.

There will be attributable costs to the public purse, for example in respect of the security and transport functions associated with the events. However these costs have not yet been identified separately for individual events, but they will form part of the overall security and transport budgets.

In respect of the North Greenwich Arena 2 the project budget cannot be disclosed at the current time owing to commercial sensitivity.