London 2012 turn to Team McAlpine

The company that built Arsenal's new ground is set to land the contract to build the main 80,000-seater stadium for the 2012 Olympic Games in London.

The Olympic Delivery Authority (ODA) said Team McAlpine was the only consortium it was talking to.

"We are entering negotiations with a world-class consortium. I am confident they will conclude successfully next year," said ODA chief David Higgins.

Arsenal's Emirates Stadium took two years to build and came in on budget.

Although exact details have not yet been agreed, the Olympic stadium is likely to cost between £300m and £400m.