Final bill for Tokyo 2020 Olympics comes in at $10.4 billion


FILE PHOTO: Tokyo 2020 Olympics - Handball - Women - Quarterfinal - Sweden v South Korea - Yoyogi National Stadium - Tokyo, Japan - August 4, 2021. A staff member cleans the floor over the Tokyo 2020 Olympics logo REUTERS/Siphiwe Sibeko

TOKYO (Reuters) - The Tokyo 2020 Olympics, held in 2021 after being postponed for a year due to the coronavirus pandemic, cost 1.42 trillion yen ($10.4 billion), nearly double the figure quoted in the city's bid for the Games, according to a final budget report.

The Tokyo 2020 Organising Committee held its last meeting late Tuesday and is due to disband at the end of the month.

Tokyo won the Olympics in 2013, offering a "safe pair of hands" and with a substantial amount of money already in the bank.

However, costs swelled leading up to the Games, including for the rebuilding the New National Stadium, used for the opening and closing ceremonies as well as track and field events.

Costs also surged in connection with postponing the Games by a year and for measures to prevent the spread of the coronavirus when the Games were finally held, without spectators, in 2021.

"In the face of unprecedented difficulties, all the parties concerned worked together tremendously for the success of the Games and for carrying it off safely and securely," Seiko Hashimoto, the organising committee's president, told a news conference.

Sapporo, capital of the northernmost island of Hokkaido, is bidding to host the 2030 Winter Games.

($1 = 136.2700 yen)

(Reporting by Elaine Lies; editing by Richard Pullin)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Others

Thousands revive Sydney's famous road race after COVID hiatus
Aaliyah skis to four gold medals at Asian Championships
Equestrian-Eventing great Klimke follows in father's footsteps with first dressage medal
Mark of champions
Abiraame melts judges’ hearts in Skate Asia
Xian Hao on the mend after a fall
Curling-Olympic champion Muirhead brings curtain down on career
Haikal’s hopeful of bright future for esports after major breakthrough
DAZN seals partnerships with Google, Samsung in Italy
NSC: It’s Malaysia’s best-ever performance

Others Also Read