Postponed Tokyo Olympics to cost US$2.8 billion: Organisers
The postponement of the Tokyo Games until next year because of the novel coronavirus pandemic will cost 294 billion yen (US$2.8 billion), organisers said on Friday.
TOKYO: The postponement of the Tokyo Games until next year because of the COVID-19 pandemic will cost 294 billion yen (US$2.8 billion), organisers said on Friday (Dec 24).
The extra costs will be shared by the Tokyo 2020 organising committee, Tokyo Metropolitan Government and the Japanese government.
The Tokyo Metropolitan Government was expected to pay 120 billion yen, while the organising committee and the Japanese government would pay the remainder, 103 billion yen and 71 billion yen respectively, organisers said.
Tokyo 2020 said an additional US$1.5 billion would be needed for operational costs related to the delay, with another US$900 million in spending on coronavirus countermeasures for the Games next year.
The extra costs come as organisers and Olympic officials work to build enthusiasm and momentum for the first Games postponed in peacetime, insisting that the massive international event can go ahead next year even if the pandemic is not under control.
But more spending could further harden public opinion in Japan, where polls earlier this year showed a majority of people think the Games should be postponed again or cancelled together.