Olympics update and quarterly economic report (international journalists) - June 2012

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This presentation was given to international journalists by Olympics minister Hugh Robertson, Dennis Hone of the Olympic Delivery Authority and David Goldstone, director of finance at the Government Olympic Executive, on June 13, 2012.

It explains the background behind the publication of the government's final quarterly economic report on London 2012.

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  • Olympics update and quarterly economic report (international journalists) - June 2012

    1. GOE QUARTERLY REPORT– June 2012Hugh Robertson MPMinister for Sport & OlympicsDennis HoneChief Executive, Olympic Delivery AuthorityDavid GoldstoneDirector of Finance, Government Olympic Executive13 June 2012 UNCLASSIFIED
    2. JUNE 2012 44 days to Olympic Games Opening Ceremony Olympic Park delivered on time and within budget Construction virtually complete £476m of uncommitted contingency remaining Successful test events A great Jubilee weekend Country embracing Torch Relay UNCLASSIFIED In a strong position but no complacency as challenges remain
    3. THE CHALLENGE – 2005 UNCLASSIFIED
    4. UNCLASSIFIEDThe contaminated site was filled with disused tyres and industrial waste
    5. UNCLASSIFIEDThe site was limited by old infrastructure and poor transport links
    6. UNCLASSIFIEDDraining of debris-filled Pudding Mill river that ran through Olympic Park site
    7. UNCLASSIFIEDThe site was criss-crossed by electricity pylons that had to be dismantled
    8. UNCLASSIFIEDThe UK’s largest and greenest clean up operation
    9. OLYMPIC PARK UNCLASSIFIED
    10. NEW WORLD-CLASS SPORTS VENUES UNCLASSIFIED
    11. NEW WORLD-CLASS SPORTS VENUES UNCLASSIFIED
    12. CUTTING-EDGE DESIGN – PERMANENT ALONGSIDE TEMPORARY UNCLASSIFIED
    13. A NEW COMMUNITY – FOR GAMES & LEGACY Olympic & Paralympic Village – Home to 23,000 athletes and officials during Games – Converted into more than 2,800 homes in legacy A new school (Chobham Academy) and new health centre UNCLASSIFIED
    14. NEW INFRASTRUCTURE FOR EAST LONDON  New utilities networks to provide power, water and sanitation built for Games and in legacy (energy centre, primary substation, pumping station)  30 bridges and connections built for Games and in legacyUNCLASSIFIED
    15. TRANSPORT Making East London one of themost connected parts of the capital £6.5bn investment into transportsystem ahead of London 2012,including £400m investment by ODA Capacity at Stratford station trebledwith over 200 trains per hour in 2012 UNCLASSIFIED
    16. SUSTAINABILITY Built into venues, e.g. Velodrome built with100% sustainably sourced timber 98% of materials generated from demolitionworks reused or recycled ~60% reduction achieved in Olympic Park’scarbon footprint Renewed waterways, wildlife relocated, new UNCLASSIFIEDhabitats created
    17. JOBS & BUSINESS  More than 46,000 worked on Olympic Park during construction, 1/5th from local communities  Promoting employment & improving skills  Exemplary health and safety record  Olympic Park is a showcase for best of British business and global design skills  £7.5bn worth of contractsUNCLASSIFIED(ODA & LOCOG)
    18. PUBLIC SECTOR FUNDING PACKAGE: FUNDERS 2007 Baseline Budget 31 May 2012 UNCLASSIFIED
    19. PUBLIC SECTOR FUNDING PACKAGE: BREAKDOWN (£9,298m) UNCLASSIFIED
    20. LESSONS FOR THE FUTURE  Learning Legacy website  Working with Rio  Delivering major projectsUNCLASSIFIED
    21. JUNE 2012 44 days to Olympic Games Opening Ceremony  Olympic Park delivered on time and within budget  £476m of uncommitted contingency remaining  World class performance by UK PLC  No complacency as the UK is getting ready to welcome the worldUNCLASSIFIED
    22. Q&AUNCLASSIFIED

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