The government of Great Britain sets aside 90 million pounds and builds Olympic Village

Assaulted by financial tsunami, the contractor for the construction in Olympic Village of the London Olympics does not raise enough fund yet in 2012, make the project delayed constantly. According to Japanese Kyodo News Service, Rogge, president of IOC, reveals British government will take out 90 million pounds, so as to ensure the London Olympics had enough funds to build Olympic Village in 2012, and there may be more and more in the future situation that the government provide funds.


Olympic Village of London plans to invest 1 billion pounds, among them is responsible for building the debit and credit sides of Australian contractor for the construction of Olympic Village and encountering difficulties, still owe 250 million pounds (about 3,400 million Hong Kong dollars) Build Olympic Village, and influenced by financial crisis, the relevant contractors for the construction fail to raise the fund slowly, so British government has to stretch out the assistance promptly. Show in the future appearing fund to be urgent and inadequate according to newspaper Rogge, fill in with income after the Olympic Games again still.

In addition, contract Suo for 2014 year Winter Olympic Games troubling because Russia's economy worsen rapidly even, according to local media, it is in newly-built Olympic venues call for bid nearly completely, unexpectedly a developer does not sign up.

IOC's finance is sane

Though the turbulence of international financial market at present, global economy falls into recession, but Rogge is not afraid the IOC is involved. Rogge says, the finance of the IOC will not be struck shortly, IOC's present economic situation well-off. Rogge said to the financial resources of the IOC very confidently: ' we have one's own financial reserves, and all arrange full London Olympics by 2012 from the TV broadcasters and the sponsors' contracts, so we needn't consider the influence of the financial crisis temporarily. '

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