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
Jacques Rogge yachting world champion. He also competed in the Finn class of sailing on three Summer Olympic Games; in 1968, 1972, and 1976. In October 2016, The British School of Brussels named their new Sports Centre in his honour. Rogge served as president of the Belgian Olympic Committee from 1989 to 1992, and as president of the European Olympic Committees from 1989 to 2001. He became a member of the IOC in 1991 and joined its executive board in 1998. He was knighted in 1992, and in 2002 made a count in the Belgian nobility by King Albert II. On 25