IOC rates London Olympics 9.75 out of 10

The International Olympic Committee (IOC) has praised London’s preparations for the 2012 Olympics – rating the organising committee’s efforts 9.75 out of 10.

The verdict came at the end of a three-day visit by the IOC, during which members visited venue sites across Olympic Park.

IOC chairman Denis Oswald also said the commission was satisfied negotiations over funding of the Olympic village would be resolved.

Contractor Bovis Lend Lease wants a greater public contribution after struggling to finance its share of the £800m development.

Mr Oswald said: “The level of details in the presentations we have received is unprecedented.”

His only criticism was to shift responsibility for the budget away from the IOC and organising committee and to the government, the Guardian reported.

He said in the case of the aquatic centre there were two budgets – one to run the games and another that is an investment budget to improve the city.