The 2012 London Olympic Games chief Sebastian Coe says they are financially robust and have the full backing of Britain's new government.
Coe says organisers won't try to out-dazzle the 2008 hosts Beijing but they want to leave a lasting legacy by giving London a massive facelift.
He doesn't think anyone will try to deliver a spectacular Games like Beijing and nor does he think the International Olympic Committee expects it.
Coe says they'll leave legacy venues which go on serving the community, and don't become white elephants.
He's brushed off a funding cut of more $50 million the coalition government made last week
saying they're ahead of schedule and within budget.