Madrid is planning to bid to host the 2020 summer Olympic Games, the city's mayor said, in what would be a third attempt after failed efforts to secure the 2012 and 2016 editions.

The backing of both Ruiz-Gallardon's conservative Partido Popular PP.L and the Partido Socialista Obrero Espanol PSOE.L, which rules at national level, means the vote would be a formality.

"Madrid has finished an extremely high percentage of the infrastructure needed for the organisation of the Olympics and Paralympics and can count on the experience of the previous two bids and the recognition of the Olympic family," Gallardon said....