London Olympics comes in slightly under budget
THE cost of the London 2012 Games has come in at £377 million (€462m) under budget.
The overall cost of the Games is forecast at £8,921bn from a budget of £9,298bn.
With some contracts still to be wound up after the end of the Games, ministers are describing the underspend as a "prudent" estimate.
Sports minister Hugh Robertson described the feat of managing the complex programme within budget as "a tremendous success".
He said: "The work of the construction and delivery teams, from the ODA (Olympic Delivery Authority) and Locog (London Organising Committee of the Olympic and Paralympic Games), has set a very high standard and I have no doubt that London 2012 has set a new benchmark for the management of Olympic and Paralympic Games in future."