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Olympic preparations on track

Olympic preparations on track
© PA Photos
The Government are poised to announce that preparations for the Olympics are on track and that there should be a £500m contingency budget remaining.

Preparations for this summer's London Olmypic Games are on track and under budget, the Government are poised to announce.

Olympics Minister Hugh Robertson has revealed that £500m of the £9.3bn budget will be left unspent.

Building work is ahead of schedule, with the long-term futures of six of the eight Olympic Park venues also confirmed.

"We are on track, on time and just under budget to deliver a great Games," said Mr Robertson told MPs on Monday.

"With 150 days to go, we will be in a position to reveal that of the original budget, £500m remains an unused contingency."

The summer event gets underway in late July.

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