London Videos  18:00-18:15 GMT  18-JUL-2012  WF Date Shot: 18-JUL-2012 Location: LONDON Country: UNITED KINGDOM Sound:    Language:  Source: GBNOTV Restrictions: Free worldwide access to all broadcasters. This material is free of charge, available in Europe, Middle East and North Africa (EU7A), the Americas (IS805) and Asia (Asiasat 5). -------------------------------------------- ALL RIGHTS ARE GRANTED UNTIL THE 31 DECEMBER 2012 AFTER WHICH ANYONE WANTING TO USE THE MATERIAL SHOULD CONTACT THE GLA PR DEPARTMENT AT MAYOR@LONDON.GOV.UK FOR PERMISSION TO USE THE FOOTAGE Dopesheet: In today's feed the London Media Centre brings you a feature on: Government Briefing on Games Finances With just under a week to go UK Government says the Olympics are on time and on budget. That?s the message as the final preparations for the Games are being done across London. Since London won the bid to host these Games the world economy went into a slump and that created extra financial pressures, how has the Government risen to that challenge of keeping to the nine billion pound budget? ---------------------------------- Further information on all our films, rushes of footage or enquires regarding other material available please contact: broadcast@LondonMediaCentre.co.uk Refer to www.londonmediacentre.co.uk for information regarding London Media Centre registration process and the services offered during the London Olympics and Paralympics. Shotlist: The content is provided in two versions: 1. With Graphics (Tracks 1+2: Stereo Music and Effects. Track 3: English Voice Over. Track 4: Effects Only) 2. Clean (Tracks 1+2: Stereo Music and Effects. Track 3: English Voice Over. Track 4: Effects Only) ------------------------------ Shot list: Military hi vis Buggy Man with a construction helmet Construction men in buggy 3 men standing on a road Clips constructed from transport in Stratford station Olympic park shots general Script: 10:00:00 OPENING GFX On time and within budget. That?s the British government?s message as the final preparations for the Games continue across London. Of the just over 9 billion Pound Sterling budget, the vast majority went to infrastructure and security. 2 thirds of the money was for the Olympic Park with its new stadiums, housing units and upgraded transport network. But since London got the bid to host these Games the world economy went into a slump, creating extra financial pressures. SOT David Goldstone, Director of Finance, Government Olympic Executive: The economic crisis of 2008 and running into 2009 did present some really major challenges for us. The village and the media centre were both intended to be privately financed and were very major investments in themselves. And because of the global economic situation those had to be public funded rather than privately funded. But the majority of the cash spent is a long-term investment. SOT David Goldstone, Director of Finance, Government Olympic Executive: We are able to say when we set the original budget that about 75% of all the funding on the development of the Olympic park site and the area around in East London would leave a long-term legacy and therefore really contribute to the regeneration. And happily that position has sustained right through the program. The British Minister for the Olympics is happy with the healthy financial situation of the games, and praised sponsors for coming on board to bring in extra cash. SOT: Hugh Robertson, Minister for Sport and the Olympics: One of the success of London was our ability to raise over 700 million (Pounds) from domestic sponsors. So this has gone towards the cost of the games. That?s money that the government doesn?t have to find. The government even has just under half a billion Pounds ready for any contingency. So from a budget angle, let the Games begin. Keyframe:  Id Item: 618800 Tx_Time: 18:00 - 18:15   Tx_Date: 18-JUL-2012  Status: TRS Origin: ZZEBU  Origin City: GNVE Item type: WF