London Olympics projected to be $600M under budget
LONDON (AP) - The British government says the London Olympics cost about $600 million (400 million pounds) less than expected.
The final financial report for the games projects that the cost will be $14.285 billion from an original budget of $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, $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.''