Funding boost for Olympic village and media centres
Funding to aid in the building of the Olympic Village and media centres has been welcomed.
The government has announced that £326 million has been made available for the village, while a shortfall in funding for the international broadcast and main press centres of £135 million has been met.
Olympics minister Tessa Jowell explained that the additional money will come from the 2012 Games' existing £9.3 billion budget, noting that the investment will continue to benefit Londoners after the event.
And the Trades Union Congress praised the move, stating that the press and broadcast centre - based in Hackney - is "exactly the kind of ambitious project" that should be receiving funding.
"This will provide first-class facilities during the Olympics and high-quality jobs for many years after the games have finished," said general secretary Brendan Barber.
The village is expected to be the home of as many as 17,000 athletes during the Olympics, with more than 6,000 staying there during the Paralympic Games.
Published 22nd January, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Funding to aid in the building of the Olympic village and media centres has been welcomed.