Report: Olympic construction boosts UK economy
LONDON (AP) — A government-commissioned report says the British economy received a multi-billion dollar boost from construction projects for the London Olympics.
The report says the economy was lifted by $11.6 billion from the construction of venues and infrastructure for the games. The construction budget was $10.3 billion.
The report for the Department of Culture, Media and Sport also said plans are on track for creating a long-term sports legacy from the Olympics.
Sports Minister Hugh Robertson says the games provided the "opportunity to regenerate East London, maximize opportunities to drive economic growth and encourage a generation to choose sport."