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Olympics signals construction boom

Investment in construction as a direct result of London hosting the Olympics is likely to be around £8.6 billion, economic forecaster Experian predicted today.
The boost is expected to drive the sector from 2007 onwards and offset the effects of a weaker housing market.

James Hastings, associate director of Experian's business strategies division, said: 'London's successful bid for the 2012 Games will certainly boost construction output in the UK, particularly infrastructure and non-residential sectors.'

Infrastructure builders will see the greatest benefits from Olympic construction, with £6.3 billion earmarked for various projects. All London Underground stations will be refurbished and the £1 billion East London Line and the Docklands Light Rail extensions will be built.

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