Tokyo 2020: official cost of delayed Olympics up by 22 per cent to US$15.4 billion

//Tokyo 2020: official cost of delayed Olympics up by 22 per cent to US$15.4 billion

Tokyo 2020: official cost of delayed Olympics up by 22 per cent to US$15.4 billion

The official cost of the postponed Tokyo Olympics has increased by 22 per cent, the local organising committee said on Tuesday in unveiling its new budget.In an online news conference, organisers said the Olympics will now cost US$15.4 billion to stage. This is up from US$12.6 billion in last year’s budget.The added US$2.8 billion is the cost of the one-year delay. Added expenses come from renegotiating contracts and measures to combat the Covid-19 pandemic.The Olympics are expected to open on…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-22T12:00:15+00:00 December 22nd, 2020|Sport|Comments Off on Tokyo 2020: official cost of delayed Olympics up by 22 per cent to US$15.4 billion