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
117th IOC Session Local sailor Griselda Khng handed an envelope holding the result of the vote to IOC president Jacques Rogge, who announced: "The International Olympic Committee has the honor of announcing, that the games of the 30th Olympiad, in 2012, are awarded to the city of London." The result of the vote was as follows: The final evaluation report of the 2004 Summer Olympics in Athens was presented and the Athens Games were finally closed. Reports on the progress of preparations for future Games were also submitted. The 28 sports in the Summer Olympics programme that existed at that time were all