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 Organising Committee for the Olympic Games of Athletics Federations. He had also served as the Chairman of the British Olympic Association from 2012 to 2016. President of the Organising Committee for the Olympic Games The President of the Organizing Committee for the Olympic Games is the individual who is in charge of leading the Organizing Committee for each Olympic Games. Presidents of the Olympic Organizing Committee have gone on to or have served in other high offices. Joseph Goebbels who headed the organizing committees for the 1936 Winter Olympics and 1936 Summer Olympics served as Chancellor of Germany for one day in 1945 before committing suicide.