olympics update and quarterly economic report (international journalists) - june 2012
DESCRIPTION
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.TRANSCRIPT
![Page 1: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/1.jpg)
GOE QUARTERLY REPORT – June 2012
Hugh Robertson MPMinister for Sport & Olympics
Dennis HoneChief Executive, Olympic Delivery Authority
David GoldstoneDirector of Finance, Government Olympic Executive
13 June 2012UNCLASSIFIED
![Page 2: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/2.jpg)
JUNE 2012JUNE 201244 days to Olympic Games Opening Ceremony44 days to Olympic Games Opening Ceremony
UNCLASSIFIED
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 In a strong position but no complacency as challenges remain
![Page 3: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/3.jpg)
UNCLASSIFIED
THE CHALLENGE – 2005 THE CHALLENGE – 2005
![Page 4: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/4.jpg)
UNCLASSIFIEDThe contaminated site was filled with disused tyres and industrial waste
![Page 5: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/5.jpg)
UNCLASSIFIEDThe site was limited by old infrastructure and poor transport links
![Page 6: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/6.jpg)
UNCLASSIFIEDDraining of debris-filled Pudding Mill river that ran through Olympic Park site
![Page 7: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/7.jpg)
UNCLASSIFIEDThe site was criss-crossed by electricity pylons that had to be dismantled
![Page 8: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/8.jpg)
UNCLASSIFIEDThe UK’s largest and greenest clean up operation
![Page 9: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/9.jpg)
OLYMPIC PARKOLYMPIC PARK
UNCLASSIFIED
![Page 10: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/10.jpg)
NEW WORLD-CLASS SPORTS VENUES
UNCLASSIFIED
![Page 11: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/11.jpg)
NEW WORLD-CLASS SPORTS VENUES
UNCLASSIFIED
![Page 12: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/12.jpg)
UNCLASSIFIED
CUTTING-EDGE DESIGN – PERMANENT ALONGSIDE TEMPORARY
![Page 13: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/13.jpg)
A NEW COMMUNITY – FOR GAMES & LEGACY
UNCLASSIFIED
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
![Page 14: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/14.jpg)
UNCLASSIFIED
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 legacy
![Page 15: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/15.jpg)
UNCLASSIFIED
TRANSPORTTRANSPORT
Making East London one of the most connected parts of the capital
£6.5bn investment into transport system ahead of London 2012, including £400m investment by ODA
Capacity at Stratford station trebled with over 200 trains per hour in 2012
![Page 16: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/16.jpg)
UNCLASSIFIED
SUSTAINABILITY Built into venues, e.g. Velodrome built with 100% sustainably sourced timber
98% of materials generated from demolition works reused or recycled
~60% reduction achieved in Olympic Park’s carbon footprint
Renewed waterways, wildlife relocated, new habitats created
![Page 17: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/17.jpg)
UNCLASSIFIED
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 contracts (ODA & LOCOG)
![Page 18: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/18.jpg)
PUBLIC SECTOR FUNDING PACKAGE: FUNDERS
2007 Baseline Budget 31 May 2012
UNCLASSIFIED
![Page 19: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/19.jpg)
PUBLIC SECTOR FUNDING PACKAGE: BREAKDOWN(£9,298m)
UNCLASSIFIED
![Page 20: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/20.jpg)
LESSONS FOR THE FUTURE
Learning Legacy website
Working with Rio
Delivering major projects
UNCLASSIFIED
![Page 21: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/21.jpg)
UNCLASSIFIED
JUNE 201244 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 world
![Page 22: Olympics update and quarterly economic report (international journalists) - June 2012](https://reader037.vdocument.in/reader037/viewer/2022103013/5467a8b3af7959650e8b4630/html5/thumbnails/22.jpg)
UNCLASSIFIED
Q & A