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
2012 Winter Youth Olympics 1976). Heinz Fischer, the President of Austria declared the games open. The Closing ceremony took place on 22 January. IOC President Jacques Rogge stated that the first Winter Youth Olympic Games were "ten glorious days" and that the games "exceeded all expectations and laid solid foundations for future Youth Olympic Games". In accordance with IOC guidelines, only youths aged between 14 and 19 years were able to participate in the 2012 Winter Youth Olympics. Unlike the Olympic Games, the youth athletes taking part in the YOG will be expected to stay in the host city throughout the Games to take