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Tokyo 2020 Olympics: Initial plans changed to reduce costs at three venues

CCTV.com

12-22-2016 16:12 BJT

In Japan, the total budget for the 2020 Tokyo Summer Olympics had been reduced to U.S $15-16.8 billion, but with further savings likely to come. Organisers announced the figure at an open meeting that included the International Olympic Committee, the Tokyo city and Japanese national governments, and other municipal authorities.

The estimated overall cost of 1.6 to 1.8 trillion yen, which is about U.S. $15 to 16.8 , is the first official figure released by the organisers who had said three weeks previously, that the figure might run as high as two trillion yen, a total that the IOC said was too high.

Tokyo governor Yuriko Koike changed their plans in order to cut costs at three venues: rowing and canoeing; swimming; and volleyball. She said Tokyo would discuss sharing further costs with neighbouring prefectures.

IOC Vice-President John Coates said he was pleased with the progress and especially delighted that the U.S.$4.7 billion portion for the organising committee's budget would not come out of the public purse. 

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