<p>Plans to construct a new high-speed internet hub in London in preparation for the Olympics in 2012 could further the appeal of conference facilities in the city, reports silicon.com.</p><p>Telecoms giant BT is in charge of developing a new network which will involve laying 4,500 km of fibre optic cabling capable of delivering next-generation connection speeds to 16,000 fixed-line telephones and 14,000 mobiles. The intention is to create a central hub which will be accessible through 10,000 separate points and facilitate state-of-the-art venues in the city that will appeal to <a href="http://www.tsnn.co.uk/conference_organisers/suppliers" target="_self">conference organisers</a> long after the Games finish.</p><p>Guy Nicholson, the London Borough of Hackney councillor in charge of local regeneration for the Game, told the website: "The contribution that this will make to our national economy far outweighs what we are spending now."</p><p>Modern venues for business events and corporate meetings could be just some of the new builds that could benefit from the initial investment and ensure a revenue stream to the city far beyond 2012. </p><p>The Telegraph reports that the final predicted construction budget of the London Olympics comes to £9.3 billion.<br/><img alt="ADNFCR-1753-ID-18843467-ADNFCR" src="http://feeds.directnews.co.uk/feedtrack/justcopyright.gif?feedid=1753&it..." /></p>

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