Saturday , 18 May 2024

Huge budget for Tokyo 2020

The Japanese public broadcaster reported that the Tokyo 2020 Olympics and Paralympics will cost £9.98bn (1.8 trillion yen), six times more than the original estimate. According to the channel, the huge rise had been caused by unexpected payments for building lanes on highways, as well as rising material costs and personnel expenses.

The initial cost of the 2020 Games was estimated at £1.6bn (300bn yen) and will be shared by the committee, the Tokyo government and national government. We must report that Rio 2016 has a budget of £2.38bn while London 2012 had the cost of £8.77bn.

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