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|2012 Olympic Games > About the bid|
The Olympic Games bid explained
On 6 July 2005 the International Olympic Committee announced that London had won the contest to host the 2012 Olympic and Paralympic Games.
What happens next
The Games will bring more than 28 days of sporting activities in the summer of 2012. The London 2012 Games will provide a lasting legacy for future generations. The bid is consistent with Londonís long-term plans for economic growth and social regeneration. Creation of the Olympic Park will involve restoring large tracts of land in east London, with new green spaces and revived wetlands. The Olympic Village will become a desirable and socially diverse new residential area providing 3,600 new homes in a community transformed by the Games.
The Games will create opportunities for businesses, large and small, bringing thousands of new jobs in sectors ranging from construction, hospitality media and environmental services. As well as leaving behind great sporting facilities, including swimming pools, a velodrome and hockey facilities, the games would inspire a new generation to greater sporting activity and achievement, and help to foster a healthy and active nation.
London's Candidate File
This 600-page document, the culmination of eight months' intensive work, is a comprehensive document giving details of the technical aspects of plans to host the Games, including security, funding, sporting facilities, infrastructure, transport and accommodation. The full Candidate File is available for download on the London 2012 website.
What will it cost?
The Mayor and the Government have agreed a public funding package of up to £2.375 billion to help meet the costs of staging the Olympic games in London in 2012.
The first £2.050 billion of the funding package will be met from up to £1.5 billion from the lottery and up to £550 million from London Council Tax, which would cost the average London household (Band D) £20 a year or 38p a week.
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