Government hints of rescue plan as fears grip Olympic developer

摘要

The Treasury has played down fears over financing the 2012 Olympics development, after it emerged that a major contractor could require government support. Property giant, Lend Lease, the contractor for the ￡1bn Olympic village - a core part of the ￡9.3bn Olympics proj- ect - is struggling to secure half of the costs from banks. Lend Lease has committed ￡250m, with a similar amount promised from central and local government. Chancellor Alistair Darling was this week due to meet Lend Lease, the Olympic Development Agency and other local authorities involved.