Park Operations
As reported in the February Annual Report, it has been agreed that the ODA will take on additional responsibilities for the operation of the Olympic Park and its venues and facilities between 2011 and the handover to legacy owners by 2014. It is estimated that this activity may cost between £110m and £160m depending on the finalisation of scope, delivery approach, procurement and other factors. A business case is being prepared when a more accurate costing will be available and a further update will be included in the next quarterly report.
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