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
Bids for the 2012 Summer Olympics Bids for the 2012 Summer Olympics Nine cities submitting bids to host the 2012 Summer Olympics and 2012 Summer Paralympics were recognised by the International Olympic Committee (IOC). The Committee shortlisted five of them—London, Madrid, Moscow, New York City, and Paris—from which London eventually prevailed; thus becoming the first city to host the Olympic Games for a third time. The bidding process for the 2012 Olympics was considered one of the most hotly contested in the history of the IOC. Paris was seen by some as the front-runner for much of the campaign, but skillful lobbying by London's supporters and