tokyo hit by new olympic stadium cost fears
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Tokyo hit by new Olympic stadium cost fears

Arab Today, arab today

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Late Iraqi-British architect Zaha Hadid's futuristic plan has since been replaced by Kengo Kuma's hamburger-shaped design -- a relative snip at $1.5 billion.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

arabstoday
arabstoday

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

 



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 16:42 2014 Monday ,14 April

About The Kite Runner

GMT 12:49 2017 Wednesday ,20 September

Trump describes Iran deal as the worst in American history

GMT 01:14 2017 Sunday ,24 December

Oman opens sprawling oryx reserve to ecotourists

GMT 20:16 2017 Friday ,27 October

Ex-HSBC executive can face US extradition: UK court

GMT 10:59 2016 Wednesday ,23 November

FBI clears Brad Pitt over abuse claim after a probe

GMT 19:07 2017 Saturday ,14 October

Syria demands 'immediate' withdrawal of Turkey troops

GMT 04:32 2017 Tuesday ,24 October

Routine win keeps Real Madrid pressure on Barcelona

GMT 15:09 2017 Sunday ,29 October

VPN law latest step in Kremlin online crackdown

GMT 16:05 2017 Tuesday ,03 October

Lebanon band denounces Egypt anti-gay 'witch-hunt'

GMT 14:39 2017 Sunday ,17 December

Saudi women will also be allowed

GMT 00:42 2017 Wednesday ,12 July

S. Korea, US envoys to meet on N. Korea in Vienna

GMT 23:20 2017 Saturday ,18 March

Trump leaves Merkel baffled after first meeting

GMT 01:44 2017 Friday ,07 April

UAE pledges Dh250m for Syrian people

GMT 04:18 2016 Thursday ,30 June

Bullish on French economy

GMT 10:10 2017 Tuesday ,14 November

Resurgent Rams roll on, Cowboys stall

GMT 07:21 2017 Thursday ,09 March

Post Wikileaks, What’s at Stake for the CIA?

GMT 16:19 2017 Monday ,03 April

France offers $1bn to strike-hit French Guiana

GMT 21:32 2017 Monday ,30 October

9 policemen, 12 Taliban fighters killed

GMT 13:06 2017 Tuesday ,14 November

EU's Mogherini urges 'no external interference'

GMT 18:27 2017 Sunday ,19 November

European Commission president backs Spain in fight

GMT 16:56 2017 Sunday ,11 June

Iran fighting claims 22 lives

GMT 12:58 2017 Wednesday ,19 April

Algerian author launches a new initiative
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab 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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday