The construction of the Olympic Stadium in London will cost as much as £496 million, which is 77 percent higher than initial projections. The original price of the stadium for the 2012 Olympics was £280 million, but the latest calculations have shown that the stadium will ultimately cost £496 million.
This was recently announced by John Armitt, who heads the agency responsible for the construction of Olympic facilities and the necessary infrastructure. In March of this year, the British government doubled the budget for the 2012 Olympics in London, which now stands at £9.3 billion. However, there are concerns that costs may be even higher. (H)
