London bid for the 2012 Summer Olympics being selected by the International Olympic Committee (IOC) when put up against other world cities in a competitive bidding process. On 6 July 2005 at its 117th Session in Singapore, the IOC awarded London the right to host the Games of the XXX Olympiad. The city beat the favourite Paris 54 to 50 on the fourth and final ballot. London is the first city to host the Games three times. At the time of the bid, the budget projection was around £2 billion, but it was later estimated that the true cost would be around £9 billion. The project involved
13th Olympic Congress 13th Olympic Congress The 13th Olympic Congress was held on 3–5 October 2009 in Copenhagen, Denmark, by the International Olympic Committee (IOC). It was held together with the meetings of the Executive Board and the 121st IOC Session. Convened on the initiative of President Jacques Rogge, the 13th Olympic Congress brought together all the constituent parties of the Olympic Movement to study and discuss the current functioning of the Movement and define the main development axes for the future. "This will be an important milestone and a chance for the entire Olympic family to discuss and debate some major issues