London 2012 cost due to lack of 'homework'

28 Apr 2008

By: Sport Industry Group

The government's handling of the Olympic bid has been criticised by the head of the ODA. The escalating cost of the London Olympics is due to a lack of ‘homework’ before the bid was made, says the chairman of the body responsible for delivering the Games.

Sir Roy McNulty, the acting chairman of the Olympic Delivery Authority said that planning had not been done ‘deeply enough at the beginning’, an error that resulted in estimates for the cost of London 2012 rising from £2.375billion to the current £9.3billion.

“One of the things we learned the hard way over several decades (on major projects) was the need to spend 5 – 10% of the total cost just to make sure you knew what you were doing, to everything specified, and have all the details well pinned down,” said McNulty, who was interviewed for Radio 4’s A Sporting Chance, to be broadcast tonight at 8pm.

"It does suggest things weren't significantly understood. It needs a lot of time and study and investment," he continues.

Lord Coe, who also appears in the programme, moved to distance himself from the topic of costs, by saying that as chairman of Locog, the organizing body, the budget for the ODA is not his responsibility.