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
123rd IOC Session (In April 2008, the IOC had announced Hong Kong and Durban as the two candidates to host this 2011 IOC Session.) IOC withdrew recognition of the NOC of the Netherlands Antilles following the formal dissolution of Netherlands Antilles on 10 October 2010. The athletes of the five islands comprising the Netherlands Antilles were allowed to qualify and compete in the 2012 Olympic Games as independent athletes under the Olympic flag. The sport of floorball was granted full IOC recognition. 123rd IOC Session The 123rd International Olympic Committee Session (or the 2011 International Olympic Committee Session, the 123rd IOC Session or