This presentation was given to international journalists by Olympics minister Hugh Robertson, Dennis Hone of the Olympic Delivery Authority and David Goldstone, director of finance at the Government Olympic Executive, on June 13, 2012. It explains the background behind the publication of the government's final quarterly economic report on London 2012.

1. GOE QUARTERLY REPORT
– June 2012
Hugh Robertson MP
Minister for Sport & Olympics
Dennis Hone
Chief Executive, Olympic Delivery Authority
David Goldstone
Director of Finance, Government Olympic Executive
13 June 2012
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2. JUNE 2012
44 days to Olympic Games Opening Ceremony
 Olympic Park delivered on time and within budget
 Construction virtually complete
 £476m of uncommitted contingency remaining
 Successful test events
 A great Jubilee weekend
 Country embracing Torch Relay
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 In a strong position but no complacency as challenges remain

3. THE CHALLENGE – 2005
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4. UNCLASSIFIED
The contaminated site was filled with disused tyres and industrial waste

5. UNCLASSIFIED
The site was limited by old infrastructure and poor transport links

6. UNCLASSIFIED
Draining of debris-filled Pudding Mill river that ran through Olympic Park site

7. UNCLASSIFIED
The site was criss-crossed by electricity pylons that had to be dismantled

8. UNCLASSIFIED
The UK’s largest and greenest clean up operation

9. OLYMPIC PARK
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10. NEW WORLD-CLASS SPORTS VENUES
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11. NEW WORLD-CLASS SPORTS VENUES
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12. CUTTING-EDGE DESIGN – PERMANENT ALONGSIDE TEMPORARY
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13. A NEW COMMUNITY – FOR GAMES & LEGACY
 Olympic & Paralympic Village
– Home to 23,000 athletes and officials during Games
– Converted into more than 2,800 homes in legacy
 A new school (Chobham Academy) and new health centre
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14. NEW INFRASTRUCTURE
FOR EAST LONDON
 New utilities networks to provide
power, water and sanitation built for
Games and in legacy (energy centre,
primary substation, pumping station)
 30 bridges and connections built for
Games and in legacy
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15. TRANSPORT
 Making East London one of the
most connected parts of the capital
 £6.5bn investment into transport
system ahead of London 2012,
including £400m investment by ODA
 Capacity at Stratford station trebled
with over 200 trains per hour in 2012
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16. SUSTAINABILITY
 Built into venues, e.g. Velodrome built with
100% sustainably sourced timber
 98% of materials generated from demolition
works reused or recycled
 ~60% reduction achieved in Olympic Park’s
carbon footprint
 Renewed waterways, wildlife relocated, new
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habitats created

17. JOBS & BUSINESS
 More than 46,000 worked on
Olympic Park during
construction, 1/5th from local
communities
 Promoting employment &
improving skills
 Exemplary health and safety
record
 Olympic Park is a showcase
for best of British business and
global design skills
 £7.5bn worth of contracts
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18. PUBLIC SECTOR FUNDING PACKAGE: FUNDERS
2007 Baseline Budget 31 May 2012
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19. PUBLIC SECTOR FUNDING PACKAGE: BREAKDOWN
(£9,298m)
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20. LESSONS FOR THE
FUTURE
 Learning Legacy website
 Working with Rio
 Delivering major projects
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21. JUNE 2012
44 days to Olympic Games
Opening Ceremony
 Olympic Park delivered on
time and within budget
 £476m of uncommitted
contingency remaining
 World class performance by
UK PLC
 No complacency as the UK is
getting ready to welcome the
world
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22. Q&A
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