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
Jacques Rogge Olympians HRH The Princess Royal and Sebastian Coe unveiled the medals up for grabs, after both Prime Minister David Cameron and London Mayor Boris Johnson had given speeches. In December 2011, Jacques Rogge was invested as an Officer of the Légion d'honneur by French President Nicolas Sarkozy. Jacques Rogge's IOC Presidency came to an end at the 125th IOC Session in Buenos Aires. German Thomas Bach was elected as the new IOC President at the session on 10 September 2013. He then went on to become the Honorary President of the IOC. For the 2008 Summer Olympics in Beijing, China,