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Olympics costs 'could rise again' | Olympics costs 'could rise again' |
(about 3 hours later) | |
A government report is warning there is a 20% chance the cost of staging the 2012 Olympic Games in London could rise again, the BBC has learned. | A government report is warning there is a 20% chance the cost of staging the 2012 Olympic Games in London could rise again, the BBC has learned. |
It comes after ministers announced a budget for the event of £9.3bn in March - a figure four times higher than that foreseen in the original Olympics bid. | |
They are now set to publish their most detailed breakdown of the costs. | They are now set to publish their most detailed breakdown of the costs. |
BBC sports editor Mihir Bose says ministers are confident the budget is "robust", despite persistent criticism. | BBC sports editor Mihir Bose says ministers are confident the budget is "robust", despite persistent criticism. |
He says this confidence is likely to be exuded by Olympics minister Tessa Jowell when she makes a written statement on details of the budget to the House of Commons later. | He says this confidence is likely to be exuded by Olympics minister Tessa Jowell when she makes a written statement on details of the budget to the House of Commons later. |
In November, the House of Commons public accounts committee attacked ministers over planning for the event, saying foreseeable costs had been "grossly underestimated". | In November, the House of Commons public accounts committee attacked ministers over planning for the event, saying foreseeable costs had been "grossly underestimated". |