International
0

Delayed Tokyo Olympics to Cost $1.9b More

Delayed Tokyo Olympics to Cost $1.9b MoreDelayed Tokyo Olympics to Cost $1.9b More

The coronavirus-delayed Tokyo Olympics could cost $1.9 billion more than its original budget of $13 billion, marking a 15% increase, a report said on Sunday.
The Olympics organizers will formally decide the increased budget for the games as early as mid-December after communicating with the Japanese government and the host city Tokyo, the Yomiuri Shimbun reported, citing unnamed Olympic sources, France24 reported.
The 2020 Games were pushed back by a year as Covid-19 spread around the globe and are now scheduled to open on July 23, 2021.
But the delay has thrown up a plethora of new costs, from rebooking venues and transport to retaining the huge organizing committee staff.
 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com