London Olympics cost 400 mln pounds – British govt.October 23, 2012 - 15:51 AMT PanARMENIAN.Net - The British government says the London Olympics cost around 400 million pounds ($600 million) less than expected. According to AP, the final financial report for the games projects that the cost will be 8.921 billion pounds ($14.285 billion) from an original budget of 9.298 billion pounds ($14.878 billion). Savings came from a drop in security, transport and construction costs for the Olympics and Paralympics. As a result of those savings and the unused part of the contingency budget, 480 million pounds ($770 million) is left unspent. The government says this will cover "risks" linked to the revamping of the Olympic Park. Olympics minister Hugh Robertson says "it is a significant achievement to deliver this large and complex program on time and under budget." Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |