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 Coe as the head of London 2012, on 19 May 2004. In late August 2004, reports emerged that predicted a tie between London and Paris. In the final run-up to the 117th IOC Session, London and Paris appeared to be in an increasingly close contest. On 1 July 2005, IOC president Jacques Rogge, when asked who the winner would be, told the assembled press, "I cannot predict it since I don't know how the IOC members will vote. But my gut feeling tells me that it will be very close. Perhaps it will come down to a difference of say