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The main stadium for the 2012 games will have a capacity of 80,000The cabinet are due to meet later at the London Olympics site, to mark 200 days until the start of the Games.
It is the first get-together this year for David Cameron's senior ministers.
Several cabinet meetings have been held outside Downing Street in recent years including in Bradford and Glasgow.
The PM says the Games are set to provide a "lasting legacy". It comes as future operators for three more venues - the Aquatics Centre, handball arena and observation tower - are announced.
The future operators of six venues have now been secured and organisers say they are confident deals for the remaining two, the stadium and the media centre, will be signed ahead of the opening ceremony.
The Olympics will run from 27 July to 12 August and the Paralympics from 29 August to 9 September.
In his New Year message, the prime minister said 2012 would be "the year Britain sees the world and the world sees Britain", with the Queen's Diamond Jubliee celebrations also taking place.
At the Olympic site, senior ministers and officials will discuss ways to ensure that the Games bring lasting benefits for the UK.
Security forceThe cabinet meeting comes after it was reported that police carrying out security tests ahead of the Olympics had managed to smuggle a fake bomb on to the main site in Stratford, east London.
Last month the Ministry of Defence confirmed that 13,500 military personnel - more than the 10,000 that were deployed to Afghanistan - will be part of the 23,700 security force for the Games.
The Olympic Park will be home to venues for sports including athletics, water polo, cycling, basketball and hockey.
The main stadium will hold up to 80,000 people.
Details of the new contracts for the three venues are to be set out by the Olympic Park Legacy Company.
It said the new operator of the Aquatics Centre hopes 800,000 people a year will make use of its facilities after the games. The handball arena will become London's third largest site for concerts, shows, exhibitions and sport events. The observation tower, the 115m (377ft) AccelorMittal Orbit, expects to attract up to a million visitors a year.
Meanwhile, the Olympic ticket resale website remains suspended after problems caused London 2012 chiefs to close it on Friday afternoon.
Games organiser Locog said it would reopen once the issues had been fixed - but could not say when that would be.
The main problem appeared to be that the site, run by Ticketmaster, was slow to update sessions which had sold out.
The process was designed to allow people to try to resell their unwanted London 2012 Olympic and Paralympic tickets to others willing to buy them.
Earlier last week it emerged that 10,000 extra tickets - which did not exist - were mistakenly sold for synchronised swimming events.
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