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ODA denies talks with Qatar Investment Authority

The Olympic Delivery Authority has denied that it is in talks with the Qatar Investment Authority to help fund the Olympic Village.

ODA chief executive David Higgins said: “There continues to be a wide range of speculation about the Olympic Village but we have consistently said we remain committed to continuing our discussions with Lend Lease, banks and Registered Social Landlords on the long-term financing of the project. We have been given approval by the Government to continue these discussions.

“Neither the Qatar Investment Authority nor Chelsfield Partners, in which the Qatar Investment Authority owns a stake, have any involvement in the discussions regarding the funding of the Olympic Village.“

Work on the Olympic Village remains ongoing with piling for the first three blocks now completed.

Mr Higgins added: “This maintains momentum as we work hard to resolve the long-term funding arrangements over the coming months.”