|  | | Last Updated: Wednesday, 31 March, 2004, 16:23 GMT 17:23 UK |
London's Olympic bid in detail
| The key points outlined by the London 2012 bid in their response to the International Olympic Committee's initial questionnaire. "The Olympic Park would encompass the most extensive transformation in London for more than a century." "No white elephants - no venues to be built without a clear plan for their post-Olympic use." "Multi-cultural and multi-faceted arts and entertainment will add a unique and world-class backdrop to the Olympic festival. Athlete celebrations and entertainment will be held every evening in Hyde Park." "London has the world's busiest international airport and one of the world's most extensive rail and underground systems. Every day 20 million passengers travel on London's comprehensive and integrated transport system." "Massive investment programme is under way which will see further improvements in capacity and reliability. Over �17 billion is being spent in London before 2012, with roads, trains and the Underground all due to benefit." "Capacity of the Jubilee Line serving the main Olympic venues will be increased by 45%." "The high-speed Channel Tunnel Rail Link will cut journey times from the Olympic transport hub at Stratford to central London to seven minutes." "A budget of �450m has been set aside for additional transport development for the 2012 Olympic Games." "London has over 70,000 three/five star hotel rooms within 10km of the city centre, with a further 20,000 hotel rooms due to be built by 2012. Of these, 4,000 are currently under construction and 16,000 have planning permission." "Media will be accommodated at designated hotels in Bloomsbury, the literary heart of London." "The government and London Mayor have together committed up to �20m to fund the bid. London 2012 anticipates raising �5m-�12m from the private sector in cash or value-in-kind." "The government and London Mayor have agreed a package that allows for �2.375 billion of public funding. This will comprise �1.5bn from the National Lottery and up to �625m from London Council Tax. The remaining �250m, if needed, will come from the London Development Agency." "The rest of the UK will also benefit economically by creating world class training facilities to be used for pre-Games preparation by many of the 200 competing teams, and by organising pre-Olympic cultural and sporting events."
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MMIX
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