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Backdropped by the historic Tower Bridge, a set of giant Olympic Rings floats on the River Thames in the run-up to the Games. It was launched to mark 150 days remaining until the start of the world’s most popular sporting extravaganza. Image Credit: AP

Tokyo: Sebastian Coe had some advice for Tokyo's Olympic bidders as he outlined how the London Games would be delivered on budget despite the global financial crisis.

Coe, the double Olympic champion and head of the London organising committee, said the economic downturn hasn't had too much of an impact because the plans put in place years ago were responsible.

"When we were bidding in 2005 the international economy was at a high water mark but we still had a vision to deliver a games that were both sustainable and responsible and I think we've done that," Coe said at a news conference yesterday. "The days of building big because the last ones were big are over. I don't think that chimes any longer with the public appetite."

High costs

London's preparations for the games, which take place from July 27 to August 12, have been relatively smooth so far. Coe insisted the cost of hosting the 16-day sporting spectacle remains within budget. The government's budget for the games, which includes all the venue construction and infrastructure projects, is £9.3 billion (Dh53.2 billion).

"The public wants big sporting events but they want to know the instincts of the organising committee are proportionate," Coe said. "Seventy per cent of the venues we are using are existing venues. We punched through the economic climate because we had a vision that was sustainable and responsible."

During his trip to Japan, Coe met with Tokyo governor Shintaro Ishihara, who is pushing his city's bid to host the 2020 Summer Olympics.

Coe said the pair discussed the challenges of bidding for the games. "It's a much more sophisticated process than it was 30 or 40 years ago," Coe said.

Questions

"Now the people of a city ask supplementary questions like what are you going to do with the venues afterward?" How are they going to be sustainable?" How are they going to change the lives of people in the communities?"

Tokyo lost out on a bid to host the 2016 Games to Rio de Janeiro, largely due to a lack of public support.

Coe, the two-time 1,500-meter Olympic champion, said social networking has played a major role in attracting young people to the London Games.

"We have to accept that most young people don't get excited about sport because they read 20 paragraphs about a track and field meet in traditional media," Coe said.

"They are accessing their information in a much more sophisticated way in any number of platforms and we have been very proactive in using social networks to get into the lives of young people."