GOE QUARTERLY REPORT – June 2012

Hugh Robertson MPMinister for Sport & Olympics

Dennis HoneChief Executive, Olympic Delivery Authority

David GoldstoneDirector of Finance, Government Olympic Executive

13 June 2012UNCLASSIFIED

JUNE 2012JUNE 201244 days to Olympic Games Opening Ceremony44 days to Olympic Games Opening Ceremony

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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 In a strong position but no complacency as challenges remain

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THE CHALLENGE – 2005 THE CHALLENGE – 2005

UNCLASSIFIEDThe contaminated site was filled with disused tyres and industrial waste

UNCLASSIFIEDThe site was limited by old infrastructure and poor transport links

UNCLASSIFIEDDraining of debris-filled Pudding Mill river that ran through Olympic Park site

UNCLASSIFIEDThe site was criss-crossed by electricity pylons that had to be dismantled

UNCLASSIFIEDThe UK’s largest and greenest clean up operation

OLYMPIC PARKOLYMPIC PARK

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NEW WORLD-CLASS SPORTS VENUES

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NEW WORLD-CLASS SPORTS VENUES

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CUTTING-EDGE DESIGN – PERMANENT ALONGSIDE TEMPORARY

A NEW COMMUNITY – FOR GAMES & LEGACY

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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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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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TRANSPORTTRANSPORT

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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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 habitats created

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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 (ODA & LOCOG)

PUBLIC SECTOR FUNDING PACKAGE: FUNDERS

2007 Baseline Budget 31 May 2012

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PUBLIC SECTOR FUNDING PACKAGE: BREAKDOWN(£9,298m)

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LESSONS FOR THE FUTURE

Learning Legacy website

Working with Rio

Delivering major projects

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JUNE 201244 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

UNCLASSIFIED

Q & A