Filed: Wednesday, 14th December 2016
By: Staff Writer
LLDC Chief Executive David Goldstone says that the £272million cost to replace the roof of the Olympic Stadium was only a 'contingency' figure.
By the time the roof was re-fitted in 2015, the cost to the public purse had risen by a further £51million to £323million - something that Goldstone was forced to explain during a London Assembly meeting this afternoon, after London mayor Sadiq Khan ordered an enquiry into the spiralling costs.
According the Goldstein around £21million of the additional fees were incurred by extra seating, a further £14million on general stadium enhancements, £12million on contingency spending and a further additional £4million insurance fees.
"The announcement we made in 2015 with the £272m figure in it made clear there was some contingency but didn't specify a number," he told the Assembly.
"The increase of £51million is a combination and lots of it is to do with the seating. Some of it was to enhance the long-term viability [of the stadium].
"A chunk of it was to do with the very unfortunate contractor hired to install new seats, We were left with a partially installed system just before the Rugby World cup, a very high-profile event.
"Fortunately I don't think there's any more surprises!"
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