Update on Olympic Games Security Contract
The security of the Games is the primary focus and therefore we understand the decision by Ministers to activate the additional contingency resource as a further precaution at this stage of the process.
We have made very good progress in the last few days and, in line with the revised deployment plan submitted to LOCOG, currently have around 5,800 security personnel deployed at Olympic venues. Significant numbers of candidates are now reaching the final stages of the training and accreditation process each day and we are working hard to ensure that we deliver on the commitments we made to LOCOG last week.
We are grateful to the military for their support in securing the Olympic and Paralympic Games and will continue to work with them and LOCOG to ensure that the Games are safe and secure.
As we have announced previously, G4S has undertaken to cover the additional costs relating to the military deployment and believes that, including the deployment of the additional 1,200 troops, the overall losses to be incurred on the contract will remain within the previously stated estimate of £35m - £50m.