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new york time - The 2012 London Olympic and Paralympic Games is 3 years away yet projects are ahead of schedule.

Lord Coe, chairman of the London Organising Committee told BBC News they have met all 10 milestones the Olympic Delivery Authority (ODA) had set for this stage with the preparations.

"We certainly are a tiny bit further in front of bang on target. Besides this being project on track but it will actually deliver some extraordinary prizes," Coe added.

bbc - Recently Lord Coe wrote about these developments inside the Telegraph. "When I delivered our bid to the International Olympic Committee in Singapore 4 years ago, a central part of our commitment was to seize the once-in-a-lifetime opportunity of regenerating neglected east London, and also to provide jobs, opportunities and expect generations to come. And we're doing that," he wrote.

UK jobs in the capital are profiting from the developments and can continue to do so in accordance with him.

"Our delivery partner, the Olympic Delivery Authority, has sought work worth greater than 3.5 billion from 935 companies, basically we expect 75,000 online business offerings to get become available by 2012," he added. Even though recession could be viewed as the worst time ever for any country to host a costly event such as the Olympics, there are numerous who feel that it can be damaged whipped cream surviving it.

new york time - BBC News reports on a statement produced by IOC president Jacques Rogge who justified his confidence in the united kingdom to host the big event during this type of turbulent point in time.

"The Games have survived hardship before. They have survived and thrived due to what they mean to the people all over the world," he explained. "The Games remind us how the transient difficulties of life can be overcome through work and determination."