Coe confident on 2012 countdown

Coe has seen the Olympic Stadium begin to take shape in Stratford

London 2012 chief Lord Coe says preparations for the Olympics are ahead of schedule with three years to go before the opening ceremony.

All 10 of the milestones the Olympic Delivery Authority had set for this stage of preparations have been met.

"We are a little bit further ahead of bang on target," said Coe, chair of the London Organising Committee.

"Not only is this project on track but it will actually deliver some extraordinary prizes."

Organisers claim 37% of the construction work on the Olympic Park site has already been completed.

And Coe, who led London's successful bid for the Games, said: "We have raised more money than any other host city and we are further down the road with our construction and detailed planning.

MEETING LONDON'S MILESTONES 1. Clean/clear Olympic Park 2. Seven bridges complete 3. Power station almost complete 4. Foundations of Olympic Stadium built 5. Foundations of Aquatic Centre 6. Work begun on Velodrome/ media and broadcast centres 7. Work about to start on handball arena 8. Olympic Village plots started 9. Significant progress on transport projects 10. Sailing venue at Weymouth/ Portland finished

"Our ability to raise as much money as we have has taken us beyond where any city has been before."

The Olympic Stadium is now starting to take shape, with the outer shell that will support the fabric roof and upper tier of seats already completed.

The stadium is on track to be completed by the summer of 2011.

Work on the structure of the Aquatics Centre and its 2,800-tonne wave-like roof is also under way.

A series of events have been organised in and around the Olympic Park in Stratford on Monday to mark the start of the three-year countdown to the Games.

The first time trial of the "Javelin Train", which will ferry spectators on the "Games-time" route from St Pancras to Stratford International Station, will take place.

Lord Coe will then host a tour of the Olympic Park for Olympic and Paralympic athletes past and present.

The man charged with ensuring Team GB hit their medals targets in 2012 has also insisted their preparations are on track.

Peter Keen, director of performance for funding body UK Sport, believes GB can better its haul of 47 medals in Beijing.

ROGER MOSEY BLOG The London Olympics want to go beyond "just sport"

"We should surpass Beijing, we are likely to do that," Keen said. "We believe it's possible to do better in both the Olympics and Paralympics, certainly in the medal table and winning more medals across more sports."

Team GB has targeted fourth in the medals table at the Olympics - which is where they finished in Beijing - and second in the Paralympics.

Keen says the big challenge will be to improve in the sports which disappointed in Beijing, such as athletics, swimming and judo.

"We know some sports such as cycling achieved incredible things in Beijing but in other sports we could have done a lot better," he said.

"With the next group (of sports) down we have to look at the London factor and what home advantage there is and disadvantages too."

UK Sport is investing £550m of public money into Olympic sport over six years leading up to 2013.

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