MPs raise concern over London 2012 Olympics budget
March 31, 2010 |16:37 | Gossips By : Team X
A group of influential MPs have raised serious concern that the 2012 London Olympics could go over budget.
A report by the Commons public accounts committee said the project was facing a "worryingly tight" financial position due to unforeseen problems.
The MPs claim some of the difficulties have put severe pressure on the contingency fund, with £1.27 billion left from the original £2.75 billion.
Construction for the Games is said to be on track but the committee warned that given the amount of contingency funding already used, the Olympic Delivery Authority (ODA) had been left with only £194 million of "headroom".















