Home International Olympics Tokyo Government Review Predicts Olympic and Paralympic Costs Could Reach $30 billion

Tokyo Government Review Predicts Olympic and Paralympic Costs Could Reach $30 billion

Tokyo Government Review Predicts Olympic and Paralympic Costs Could Reach $30 billion
Japanese Prime Minister Shinzō Abe introduces Tokyo 2020 at the Rio 2016 Olympic Games closing ceremony. Photo By Fernando Frazão/Agência Brasil - http://agenciabrasil.ebc.com.br/rio-2016/foto/2016-08/cerimonia-de-encerramento-dos-jogos-olimpicos-rio-2016-0, CC BY 3.0 br, https://commons.wikimedia.org/w/index.php?curid=50820080

A review commissioned by the Tokyo Government has predicted that total costs for the 2020 Olympic and Paralympic Games could exceed $30 billion unless drastic changes are made.

The Metropolitan Government’s investigative taskforce, commissioned by the capital city’s new Governor, Yuriko Koike, blamed rising costs on poor leadership, governance and cost control measures.

Venues for at least three sports should be changed, it has been proposed, in order to help bring the budget down.

This could involve scrapping plans for a new swimming venue in favor of the existing Tokyo International Swimming Center, while rowing and canoe sprint could be moved 400 kilometers out of the host city to Tome in Miyagi Prefecture.

The Pacifico Yokohama could also be used as a new volleyball venue.

This comes as a major set back to Tokyo organizers as well as the International Olympic Committee (IOC) after previous cuts were said to have saved $1 billion.

The latest figures are more than four times initial budget estimations.

Costs incurred constructing and maintaining both new and temporary stadiums are thought to have also contributed significantly along with transportation and security increases.

It was also claimed that the existing rowing and canoe sprint venue at the Sea Forest International Regatta Course on Tokyo Bay has risen to seven times its initial budget.

insidethegames understands that the sports world was taken by surprise by news of the proposal to switch venues, which was reported yesterday before being confirmed today.

Venue changes would require the approval of both the International Olympic Committee (IOC) and relevent International Federations.

“These sites were chosen over years and approved by the sports federations and International Olympic Committee,” said Tokyo 2020 President Yoshirō Mori. “It would be extremely difficult to overturn this.”

Final approval had been given to all the proposed venues.

The Task Force proposals were only advisory, however, and Games organizers are not expected to comment officially until Koike makes her suggestions.

Only three venues – for shooting, modern pentathlon and one for football – were initially due to be held outside an eight kilometers radius in a bid that was billed as compact.

But venues for basketball, taekwondo and cycling have since been moved outside.

Track cycling is now due to take place 145km southwest in Izu.

By Nick Butler

Republished with permission from insidethegames.biz


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.