Advertisement
Monday, Oct 25, 2021
Outlook.com
Outlook.com

Cost Of Tokyo Olympic Delay Put At About $2 Billion: Reports

The International Olympic Committee has said it would chip in about $650 million to cover some of the costs of the delay

Cost Of Tokyo Olympic Delay Put At About $2 Billion: Reports
The reported cost of the delay because of the COVID-19 pandemic is in line with repeated estimates over the last several months. | AP
Cost Of Tokyo Olympic Delay Put At About $2 Billion: Reports
outlookindia.com
2020-11-29T18:14:16+05:30

The cost of the one-year postponement of the Tokyo Olympics is estimated to be just under $2 billion, or about 200 billion yen. (More Sports News)

Japan's Kyodo news agency and the Yomiuri newspaper both reported the figure on Sunday citing unnamed sources close to games organizers.

The reported cost of the delay because of the COVID-19 pandemic is in line with repeated estimates over the last several months. The organizers, the Tokyo metro government and the Japanese national government are expected to report next month how the costs will be shared.

The International Olympic Committee has said it would chip in about $650 million to cover some of the costs of the delay, but has offered few public details.
Tokyo is becoming very expensive.

The official cost of putting on the Tokyo Olympics is $12.6 billion. However, a government audit last year said it was probably twice that much. All but $5.6 billion is public money.

Tokyo said the games would cost $7.3 billion when it won the bid in 2013.

The $2 billion only adds to the total. A University of Oxford study published early this year — calculated before the postponement — said Tokyo was the most expensive Summer Olympics on record and the meter is still running.

The IOC and organizers have been campaigning over the last several months to convince sponsors and a skeptical Japanese public that the Olympics can be held safely in the middle of a pandemic.

The Olympics are to open on July 23, 2021, followed by the Paralympics on Aug. 24. They involve 15,400 athletes and ten of thousands of officials, judges, staff, VIPs, sponsors as well as media and broadcasters.

IOC President Thomas Bach, who was in Tokyo earlier this month, has said a vaccine and improved rapid testing would help pull off the Olympics. But he cautioned they are not “silver bullets.”

Athletes are expected to be closely monitored, held in quarantine-like conditions, discouraged from sightseeing and encouraged to leave as soon as they finish competing.

Some fans are expected at the events, but it is unclear if many fans from abroad will be allowed to attend.

Japan has controlled COVID-19 better than most countries, but has seen a spike over the last several weeks in Tokyo and elsewhere. Tokyo set a one-day record for new infections on Friday with 570. About 2,000 deaths in Japan have been attributed to COVID-19.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

The Third Colour: Shah Rukh Khan Is A Symbol Worth Rooting For

The Third Colour: Shah Rukh Khan Is A Symbol Worth Rooting For

When we say we’re standing in solidarity with someone, we’re really standing up for our own ideals, values, peace and truth, writes comic-poet Varun Grover.

Aryan Khan Drug Case: Sameer Wankhede Alleges Being Targeted Over 'Dead Mother's Religion'

Aryan Khan Drug Case: Sameer Wankhede Alleges Being Targeted Over 'Dead Mother's Religion'

In his affidavit submitted to the court, Sameer Wankhede refuted the allegations levelled against him, and claimed he was under a 'lurking threat of arrest'.

Manchester United, Adani, 369 Slingshot Among 9 Bidders For New IPL Teams

Manchester United, Adani, 369 Slingshot Among 9 Bidders For New IPL Teams

The Board of Control for Cricket in India will today name the owners of two new Indian Premier League teams to play from 2022.

Explainer | Why Tripura's Karbong Tribe Is On The Verge Of Extinction

Explainer | Why Tripura's Karbong Tribe Is On The Verge Of Extinction

Hardly 250 people belonging to 60 to 70 families remain in Karbong tribe. Their population is getting reduced fast due to intertribal marriage, poverty and lack of proper education.

Advertisement