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Olympic village and highways costs to increase by £23m

The cost of the Olympic Village and highways work associated with the 2012 games is expected to rise by £23m, a government report has said.

The quarterly report on the games for June 2012 said the cost of the village was set to go up by £11m while spending on bridges, structures and highways was forecast to rise by £11m.

The report published by the department for culture, media and sport said the predicted spending increase on the village included a potential £5m rise in retrofit costs after the games and a rise of £3m for the press and broadcast centres which reflected “close out pressures”.

However the cost of infrastructure on the Stratford City site was set to fall £5m “following a resolution of certain commercial issues”. The costs of several venues was also expected to drop including the stadium by £3m and the aquatics centre by £2m.

Overall the report said the Olympic Delivery Authority said by the end of last month it had saved £1bn against its original budget.

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