LONDON, Nov 15: The budget for the 2012 London Olympics will be ''significantly higher'' than originally quoted because of increased costs of security, regeneration and contingency plans.
The original budget called for 2.38 billion pounds but Olympic officials reviewed the cost of the games after London won the right to host the event in July 2005.
Olympic Delivery Authority acting chairman Roy McNulty said Wednesday he hoped a new budget would be approved by the British government in early 2007, but he wouldn't say what figures the ODA had asked for.—AP