About $800M of Olympic contingency budget unspent
Monday, February 27, 2012
LONDON (AP) -- The British government says more than $800 million remains in reserve for any unexpected costs at the London Olympics.
With 150 days to go until the games, 96 percent of venues and infrastructure are complete, and sports minister Hugh Robertson says the project is expected to remain within the public sector budget of $14.7 billion.
The government has given another $57 million to the organizing committee, taking the total contribution of public money to $244 million.
A London Assembly report last week criticized the amount of secrecy surrounding the organizing committee.