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
Youth Olympic Games Games would help foster participations in the Olympic Games. Despite these reasons for having an Olympic event for young people, the IOC's response of holding a purely sporting event was negative. IOC delegates wanted the event to be as much about cultural education and exchange as it was about sports, which is why the Culture and Education Program (CEP) was developed as a component of each celebration of the Games. Jacques Rogge, IOC President, formally announced plans for the Youth Olympic Games at the 119th IOC session in Guatemala City on 6 July 2007. There are several goals for the