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
President of the International Olympic Committee the IOC since 1980. Under his leadership, the IOC aimed to create more possibilities for developing countries to bid for and host the Olympic Games. Rogge believes that this vision can be achieved in the not too distant future through government backing and new IOC policies that constrain the size, complexity and cost of hosting the Olympic Games. At the 2002 Salt Lake City Olympics, Rogge became the first IOC President to stay in the Olympic village, to enjoy closer contact with the athletes. During the opening ceremonies of the 2010 Vancouver Olympics, Rogge delivered a commemoration of Georgian luge