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LONDON—London 2012 organizers say the external structure of the main Olympic stadium has been completed.

Construction of the outer shell, including roof sections, was finished Thursday, 14 months after work started and three years before the start of the games.

The 80,000-seat stadium will host the opening and closing ceremonies and track and field competition.

The announcement came as the Olympic Delivery Authority published its annual report and accounts for 2008-9.

London’s overall budget for venues, infrastructure and regeneration has been set at $15 billion.

ODA chairman John Armitt says the Olympics will be delivered within the budget despite the “external shocks” caused the recession.

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