Mayor Seeks City Financial Expert to Check Growing Cost of Olympics ; Progress of the 2012 Project
Evening Standard - London › May 15, 2008
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Summary
BORIS JOHNSON is to hire a financial expert from the City to scrutinise the spiralling budget for the 2012 Olympics.
The Mayor, who attends his first Olympic Board meeting today, is looking to appoint an accountant or investment banker to determine whether the [pounds]9.3 billion fund for the Games is delivering value for money.See the full content of this document
Extract
Mayor Seeks City Financial Expert to Check Growing Cost of Olympics ; Progress of the 2012 Project
Scrutiny of the budget was one of Mr Johnson's manifesto pledges and he has vowed not to increase the [pounds]625 million contribution from London council tax-payers.
City Hall's total bill for the Olympics stands at [pounds]1.825billion, including [pounds]900 million from the London D...See the full content of this document
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