|
|
 |
|
For tickets to
events & concerts
at The O2
Millennium Dome: |
|
 |
|
|
|
Click
here |
|
|
| |
Millennium Dome Budget
The Dome: Where does this £758 million come from?
The overall cash budget for the project is £758m as agreed
by the Government and the Millennium Commission in January 1997 and confirmed in
June 1997. The company will achieve that budget with income from the following
principal sources:
|
£ millions |
| Millennium Commission Grant (net) |
399 |
| Sponsorship |
150 |
Commercial revenue
(ticket sales, merchandising and licensing) |
194 |
| Disposal proceeds |
15 |
The overall cash budget of £758m comprises £670m base cost
(including item contingency and inflation) plus inflation contingency, managed
centrally, of £88m.
Forecast expenditures over the lifetime of the project
(1997/98 to 2001/2002) as estimated for the budget which formed the basis of the
Government’s review in May/June 1997 and of the Millennium Commission’s
subsequent confirmation of grant support in June 1997 were as follows:
|
£ millions |
| The Dome: |
(note *) 260 |
| Construction & infrastructure |
198 |
| Exhibition & central attraction |
95 |
| Operations & running costs in year of operation |
|
| The Challenge |
54 |
| Central costs: |
|
Marketing
|
29 |
Support services
|
34 |
| Central Contingency |
88 |
Note * includes about £40m of expenditure
on delivering Section 106 planning approval commitments, off-site car-parking
and other transport works, and a contribution to English Partnerships’
remediation, landscaping, and infrastructure works.
As the project has been refined and developed, particularly
since the June 1997 go-ahead, the component parts, as indicated above, have been
re-assessed and re-forecast. Up-to-date forecasts will be included in the
company’s next Corporate Plan, a summary of which will be made public in April
1998, after approval by the Millennium Commission. The Company’s first Annual
Report and Accounts will be published by the end of July.
| |
|
