London Olympics budget set to make cuts
London Olympics budget set to make cuts
09:13, May 25, 2010

Email | Print | Subscribe | Comments | Forum 
Britain's new Sports and Olympics minister Hugh Robertson has required a 27 million pounds (39 million dollars) cut on London 2012 organisers from their budget on Monday.
But Robertson insisted the cuts could be made without " imperilling" London's ability to deliver a successful Olympic Games.
"We have the worst economic crisis faced by any incoming government in recent times and we are trying to achieve a balance, " Robertson said.
"Against that backdrop it is probably right the Olympics share some of the pain but in a way that will not put at risk the greater good of the project."
Given the overall cost of the Games is 9.3 billion pounds (13.5 billion dollars), a reduction of 27 million pounds is a relatively small sum.
Source:Xinhua
But Robertson insisted the cuts could be made without " imperilling" London's ability to deliver a successful Olympic Games.
"We have the worst economic crisis faced by any incoming government in recent times and we are trying to achieve a balance, " Robertson said.
"Against that backdrop it is probably right the Olympics share some of the pain but in a way that will not put at risk the greater good of the project."
Given the overall cost of the Games is 9.3 billion pounds (13.5 billion dollars), a reduction of 27 million pounds is a relatively small sum.
Source:Xinhua
(Editor:intern1)

Related Reading

Special Coverage
Major headlines
Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia
Editor's Pick


Hot Forum Discussion