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 International Olympic Committee August, and one at Fürstenfeldbruck Air Base on the 40th anniversary of the attack, 5 September. Thomas Bach was elected President of the IOC on 10 September 2013, as the successor to Jacques Rogge, at the 125th IOC Session in Buenos Aires. Bach is the first Olympic medallist to have risen to the position of IOC President – he won a gold medal in men's team foil fencing at the 1976 Summer Olympics. He is the third IOC President to have been an Olympian (Brundage and Rogge were also former Olympic athletes). President of the International Olympic Committee The President