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Olympic Games 2012: Funding

Volume 707: debated on Friday 6 February 2009

Question

Asked by

To ask Her Majesty's Government whether they will place in the Library of the House copies of relevant documents listing all transfers of (a) financial obligations and (b) material commitments made by the Olympic Delivery Authority for the 2012 games which impact upon the budget of the London Organising Committee of the Olympic Games. [HL1007]

The candidate file which was submitted to the International Olympic Committee in November 2004 to support the UK’s bid to host the 2012 Olympic and Paralympic Games set out the relationship between capital costs, borne by the Olympic Delivery, Authority (ODA), and venue overlay costs, borne by the London Organising Committee of the Olympic and Paralympic Games (LOCOG). Specifically, themes 6 and 8, table 6.6.2b and tables 8.4.1 to 8.4.4 refer. Copies of the candidate file were placed in the Library of the -House following the bid in November 2004.

Since winning the right to host the Games in 2012, the ODA and LOCOG have been working closely together to agree the detail of their respective responsibilities for building the venues and equipping them for the Games. However, the detailed agreements which result from this work cannot be placed in the Library of the House at this time as they would contain information that relates to the commercial interests of both organisations and their disclosure would be likely to prejudice these interests. At the appropriate time, when negotiations are concluded, they will be.