tokyo hit by new olympic stadium cost fears
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Tokyo hit by new Olympic stadium cost fears

Egypt Today, egypt today

Egypt Today, egypt today Tokyo hit by new Olympic stadium cost fears

Experts have warned that the 2020 Tokyo Olympic Games could cost an eye-watering 3 trillion yen
Tokyo - AFP

Already under fire over soaring expenses, Tokyo's 2020 Olympic organisers on Friday sought to downplay fears that further ballooning costs could hit the trouble-cursed main stadium.

Amid media reports that temporary structures at the showpiece venue could more than double in cost from bid estimates, Japanese organisers did little to ease concerns.

"The estimate for the cost of temporary facilities is not final," Tokyo 2020 spokesperson Hikariko Ono told AFP. "(It) will be made public after further discussion with parties involved.

"The current estimate has been provisionally set based on procedures outlined in IOC (International Olympic Committee) technical manuals, and figures from previous Games," she added.

Overlay expenses on top of the construction costs for the permanent structure of the Olympic stadium, including practice facilities such as a running track, could top 10 billion yen ($87 million), according to local media.

The Japanese and Tokyo city governments, along with Games organisers, are looking into sharing costs for maintaining these temporary facilities at the stadium, which is scheduled to be completed in November 2019.

Japan's new National Stadium has been a major source of controversy since Prime Minister Shinzo Abe scrapped the original blueprint in 2015 as costs raced beyond $2 billion.

Late Iraqi-British architect Zaha Hadid's futuristic plan has since been replaced by Kengo Kuma's hamburger-shaped design -- a relative snip at $1.5 billion.

But organisers are still sweating over the price tag for the 2020 Games, which experts have warned could hit an eye-watering 3 trillion yen ($26 billion).

Euphoria at winning the bidding war in 2013 quickly faded as public rows over costs and a series of scandals have overshadowed Tokyo's preparations for its second Olympics since hosting the 1964 Games.

The Tokyo city government says it expects the Olympics to generate a boost of 32 trillion yen ($280 billion) to the Japanese economy.

However, organisers face a real battle to keep costs below the $20 billion cap demanded by the IOC.

As well as the stadium fiasco, embarrassing accusations of plagiarism from a Belgian theatre forced the Tokyo organising committee to bin the original design of the Games logo.

More seriously, French prosecutors are investigating allegations of illegal payments made during Tokyo's successful Olympic bid. Japanese Olympic officials strenuously deny any wrongdoing.

source: AFP

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tokyo hit by new olympic stadium cost fears tokyo hit by new olympic stadium cost fears



GMT 10:04 2019 Monday ,19 August

Live a tense and noisy atmosphere

GMT 10:55 2017 Saturday ,22 July

368,000 suspected cholera cases in Yemen

GMT 11:17 2018 Thursday ,11 January

Human muscle tissue grown

GMT 12:47 2018 Wednesday ,21 November

TRA Bahrain wins major regional award

GMT 15:46 2018 Monday ,10 September

Oppo launches its premium smartphone Find X in UAE

GMT 12:03 2017 Monday ,02 January

66 Indians jailed in Pakistan

GMT 08:30 2017 Monday ,27 February

Steak & caramelised onion sandwich

GMT 07:16 2017 Wednesday ,19 April

Bahrain Mixed Martial Arts Federation launches logo

GMT 12:34 2017 Wednesday ,13 September

Ahlam Haggi gives priority to her career

GMT 07:24 2018 Tuesday ,23 January

Turkey in new assault on Kurdish militia on Syria

GMT 08:44 2017 Sunday ,24 December

Firm Keppel Offshore to pay $422 mn

GMT 08:58 2017 Thursday ,23 November

A visionary electric hypercar

GMT 09:10 2017 Tuesday ,07 November

Lebanon politicians await outcome of Saudi king’s

GMT 12:43 2016 Monday ,19 September

'Sully' stays at top of North American box office

GMT 09:19 2017 Tuesday ,29 August

Bahrain pilgrims in good health

GMT 04:19 2017 Tuesday ,24 January

A water tunnel to the underworld

GMT 14:25 2014 Wednesday ,29 January

Egyptian general\'s murder highlights growing insecurity
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday