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Posted: Tuesday November 13, 2012 5:05PM ; Updated: Tuesday November 13, 2012 5:05PM

Olympic construction gives UK economy multi-million dollar boost

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Horse Guards Parade
Construction for Olympic venues like the Horse Guards Parade gave the British economy a multi-million dollar boost.
Getty Images

LONDON (AP) -- A government-commissioned report says the British economy received a multi-billion dollar boost from construction projects for the London Olympics.

The report says the economy was lifted by $11.6 billion from the construction of venues and infrastructure for the games. The construction budget was $10.3 billion.

The report for the Department of Culture, Media and Sport also said plans are on track for creating a long-term sports legacy from the Olympics.

Sports Minister Hugh Robertson says the games provided the "opportunity to regenerate East London, maximize opportunities to drive economic growth and encourage a generation to choose sport."

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 
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