Johnson said: “My first impression is that a great deal of fantastic work has already been done but we have to ensure that we maximise the yield for London. David Ross will be my nominee on the board and have a roving brief to look at the whole project."
Johnson met inspectors from the IOC for the first time yesterday and told them his approach would be guided by adapting the Olympic motto. "My approach will be 'Citius, Altius, Fortius, sed non carius', which translates as 'Faster, Higher, Stronger, but not more expensive'," he said.
The opening day of the IOC's visit was dominated by discussion of the sporting aspects of the games. The IOC is expected to formally approve plans by London 2012 to abandon the construction of a purpose-built 8,000-seat fencing arena this week.
It is understood that the co-ordination commission will approve London's plan to relocate the fencing events away from a bespoke venue and into the ExCel Arena, an existing arena outside the Olympic Park, at a saving of close to £100 million.
