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
125th IOC Session 125th IOC Session The 125th IOC Session took place at the Buenos Aires Hilton in Buenos Aires, Argentina, from 7 September to 10 September 2013. The International Olympic Committee elected Tokyo as the host city of the 2020 Summer Olympic Games on 7 September. Wrestling was restored to the Olympic program for 2020 and 2024, and Thomas Bach was elected to an eight-year term as IOC President. The IOC received two bids from cities to host the 125th Session: Buenos Aires and Kuala Lumpur made bids. The Argentine capital Buenos Aires was elected at the 122nd IOC Session in Vancouver