Thursday, 13 December 2012

Where did all of the Olympic funds go to?

We are all wondering what all of that money was spent on! Below I am going to use data taken from the guardian to show this:

The attached pie chart attached to the left of this post, shows all the different categories of expenditure.



A total of £2.537 billion pounds was spent of 'non - ODA public funding'. This big amount of money was spent on the following:





      • Park Security
      • Elite and Community sports
      • Police, army and security services
      • Legacy - Park Transformation.
This was a big part of the expenditure due to the problem which we had two weeks prior to the Olympics when we had to deal with the shortage of security.
"The military is already plugging the gap left by G4S with 3,500 troops after the security firm admitted two weeks ago it could not provide its 10,400 contracted guards." This is a quote written by Chris Parsons on the 24th July 2012. Link: http://www.dailymail.co.uk/news/article-2178175/London-2012-Olympics-1-200-extra-troops-called-G4S-security-fiasco.html
"Running the events and other costs" spent a total of £1.864 billion pounds. The guardian where I was able to get the information from, does not specify what stuff is included in this category. This could probably include advertising and staff costs.
A total of £1.822 billion pounds was spent on "Site preparation and infastructure". Included in this category of expenditure are:

  • Powelines
  • Utilities
  • Enabling works
  • F10 Bridge
  • Other structures, bridges and highways
  • South Park site preparation
  • Prescott Lock
  • Landscaping


    Designed by internationally acclaimed architect Zaha Hadid,
    the breathtaking Aquatics Centre is one of the
    permanent venues specially constructed for London 2012

    Venues cost a total of £1.106 billion to build and set up. These venues included: Stadium, Aquatics, Velopark, Handball, Basketball, Other Olympic Park Venues and Non Olympic Park Venues.

    To the right of this post is a photo of the Aquatics Centre which £0.251 billion pounds to build.

    The Olympic and Paralympic Village cost a toal of £0.935 billion pounds. This included the Contingency Fund, programmer deliver, interest and tax.


    A total of £0.896 billion pounds went to other Olympic Park projects such as parkwide operations, insurance, logistics for site construction, security for park construction, section 106 and masterplanning security screening, operational areas and other parkwide projects.

    Tansport cost a total of £0.894 this included the DLR, Thorntons Field, Stratford Regional Station and the North London Line.

    Other funds went to the international broadcast centre and main press centre (£0.295bn), total cost of the Paralympic Games (£0.19bn) and other funding from government to go to LOCOG (£0.183bn).




    

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