CCTV International: "ll 4 years after Beijing hosts the Olympics, the city of London will take centre stage. London Olympics Chairman Sebastian Coe says that so far, preparations for the 2012 Games are right on schedule and within budget.
But Olympics minister Tessa Jowell admitted the figure for staging the 2012 games had tripled to 19 billion US dollars. In addition, the modern-looking, jagged logo is getting a mixed reception. And the design for the main stadium has been described as a 'fruit bowl' by some critics. But the demolition of buildings on the site of the Olympic Park in East London - has been completed on time, and construction work is set to start in the New Year. London Olympic Games Organizing Committee chairman Lord Sebastian Coe, says that he's satisfied with the progress.
Lord Sebastian Coe, London 2012 Organizing Committee Chairman, said, 'Everything that we claimed we said we wanted to do a year ago, both in terms of the local Organizing Committee and the Olympic Delivery Authority, we've met. That means construction, that also means for our side some of the preparation, some of the planning, and certainly bringing the business partners to the table, which in essence means actually having the financial wherewithal to stage the Games.'"
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