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
Istanbul bid for the 2020 Summer Olympics such an event, the fact that the whole world watched saddens me. How will we explain it? With what claims will we host the 2020 Olympic Games?" Istanbul 2020 released a statement saying that "despite these recent events, all sections of Turkey remain united in our dream to host our nation’s first ever Olympic and Paralympic Games in 2020." IOC President Jacques Rogge stated that these events would not negatively impact the city's bid. IOC Presidential Candidate Thomas Bach also stated that he did not believe that these events would hurt the bid. The President of the NOCT, Uğur Erdener