Olympic Construction Boosts UK Economy by $11.6 Billion
A government-commissioned report says the British economy received a multi-billion-pound (dollar) boost from construction projects for the London Olympics.
The report says the economy was lifted by 7.3 billion pounds ($11.6 billion) from the construction of venues and infrastructure for the games. The construction budget was 6.5 billion pounds ($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."
Source: Associated Press
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