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