Roof construction of the $720 million London 2012 Olympic stadium began in late January when the first section went up and the Olympic Delivery Authority claims to be on track. All venues in the east London Olympic Park are on schedule, claims ODA. But the global banking crisis is spoiling its party. The ODA can’t secure as much private funding towards the $13.3 billion overall construction budget as forecast. Stadium construction project for London Olympics remains on time. The Olympic Village, a public private partnership, is worst hit. Funding negotiations for Village construction with Australia-based Lend Lease Corporation “are continuing,”
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.