The Olympic Delivery Authority remains committed to working with Lend Lease on the development of the Olympic Village.
Responding to speculation this morning that discussions were taking place with Qatar Investment Authority about funding the 30-acre village, ODA chief executive David Higgins said: ‘We have consistently said we remain committed to continuing our discussions with Lend Lease, banks and Registered Social Landlords on the long-term financing of the project. We have been given approval by the government to continue these discussions.
‘Neither the Qatar Investment Authority nor Chelsfield Partners, in which the Qatar Investment Authority owns a stake, have any involvement in the discussions regarding the funding of the Olympic Village.’
Lend Lease Europe chairman, Nigel Hugill, also stated the company’s commitment to developing the village: ‘Lend Lease has an exclusivity agreement between it and the ODA, which both parties continue to adhere to.’
The ODA also said today that piling had been completed on the first three blocks of the Olympic Village with construction work continuing to make good progress on the site.
