Published>Thu, Apr 01 10 07:25 PM
London, April 1 (IANS) ArcelorMittal has become a tier-two sponsor of the 2012 Olympic and Paralympic Games and will support the infrastructure for the Games.
The ArcelorMittal Orbit will be the iconic and permanent symbol of the 2012 Olympic and will embody both the artistic and functional versatility of steel as a construction material.
Speaking at the London's City Hall, chairman and chief-executive Lakshmi Mittal said: 'The Olympic Games are one of the few truly iconic global vents. As someone who lives in this great city, I remember the great excitement felt when it was announced that London has been selected to host the 2012 Olympic and Paralympic Games.'
'We set out to create a transformational piece of art that will be an iconic symbol for the Olympics and also a new landmark that will endure long after the Games themselves. Everyone at ArcelorMittal is delighted with the outcome of the ArcelorMittal Orbit.'
ArcelorMittal will fund 16 million pounds of the 19.1 million pound project, with the outstanding 3.1 million pounds provided by the London Development Agency.
The sculpture will be the largest single artwork ever commissioned for any Olympiad - but will also make a significant financial contribution to the long-term regeneration of East London.
The ArcelorMittal Orbit, the largest artistic commission in the world, will harness state-of-the-art engineering and architectural techniques. Constructed with steel provided by ArcelorMittal, the sculpture will consist of a continuous looping lattice of tubular steel and offer unparalleled view of the entire Olympic Park and London's skyline from a special viewing platform.
Source: Web Search
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