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 expelled several IOC members for accepting bribes but cleared Samaranch of wrongdoing. Samaranch declared that the IOC's worst crisis was over but a group of former Olympic athletes, led by Mark Tewksbury, continued to push for his removal. There were allegations of vote buying in Salt Lake City, Utah's successful bid for the 2002 Winter Olympics. The scandal exposed runaway corruption within the IOC. Jacques Rogge (later created The 1st Count Rogge) was elected as president of the IOC on 16 July 2001 at the 112th IOC Session in Moscow as the successor to Juan Antonio Samaranch, who had led