Moving towards 2012 Olympics

Finally, the long-awaited results are out. London has won the bid to host the 2012 Olympics, defeating Paris, New York, Madrid and Moscow.
The final count was 54-50 with the British capital beating hot favourite Paris by just four votes.

London's victory was assured when Madrid were knocked out in the third round of voting. The majority of the Spanish backers switched to London, pushing them over the line.
Moscow was eliminated in the first round and New York in the second round.

The city plans to construct a new 500-acre Olympic complex in east London.
It last hosted the Games in 1908 and 1948.

(Source: http://www.channelnewsasia.com/olympics2012/)