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Tokyo Olympics may cost almost US$2 billion more due to Covid delay

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The Tokyo Olympics may cost almost US$2 billion more than its original budget of US$13 billion, after it has been delayed due to the coronavirus pandemic. Olympic organisers say they will decide on the increased budget for the Games after communicating with Japan’s government and Tokyo. The Games were postponed by 1 year after Covid-19 spread worldwide, with its opening date set to July 23, 2021. Of all the events postposed because of Covid-19, the Olympics was the biggest and most complex to postpone.

Such a delay has yielded new costs, from retaining the organising staff, rebooking venues and transportation.  Not to mention, the question of if the event can actually proceed safely. But Olympic officials are reaffirming that the Games can, indeed, be held following safety measures.

Such covid safety measures are reportedly another reason why the price of the event has increased, although the new estimated cost doesn’t include such measures. Officials say they are expecting the additional costs to be paid for by the Japanese government. Organisers and officials are reportedly considering a long list of possible virus countermeasures that they hope will make the Games possible, even if a vaccine is not yet available.

A dialed-down, lower-cost Olympics plan was announced in September, with banners, mascots, meals, and athlete welcome ceremonies being scrapped along with fewer free tickets to be offered. A senior official has said that Tokyo Olympics test events will resume in March with a decision on fan attendance to be made in the spring season.

Thomas Bach, the International Olympic Committee Chief says he is very confident that the Games will have attending fans.  However, fan enthusiasm has decreased inside of Japan, with summer polls indicating only 1 in 4 Japanese people wanting the Games to happen, with most wanting them to be postponed or even fully cancelled.

So far, Tokyo has reported just over 40,000 cases of Covid, with Japan reporting 145,000 cases since the pandemic began.

SOURCE: Bangkok Post

 

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4 Comments

4 Comments

  1. Preesy Chepuce

    Sunday, November 29, 2020 at 10:17 pm

    It seems like the Olympics always herald economic problems for whomsoever hosts them, perhaps they ought to be returned to Greece, and the whole world contribute to their upkeep? That would be fairer, and make a bit more sense, and athletes could do the marathon at Marathon, etc…

    • Leo Z

      Monday, November 30, 2020 at 12:58 am

      Agreed 100%. The Olympics as they stand now are either an economic headache, or a propaganda-laced event (a la Beijing 2008).

      • Issan John

        Monday, November 30, 2020 at 11:30 am

        Sydney was pretty good … and London wasn’t too bad even if it was a bit of a shambles.

    • Issan John

      Monday, November 30, 2020 at 11:28 am

      Why would it be “fairer” for the “whole world” to pay for Greece to host the games?

      Surely it’s “fairer” and makes more “sense” for those who want to host the games to have the opportunity to do so?

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