Other Sport

Japanese Olympic organisers to disclose cost estimate

2016-12-21 08:06

Tokyo - Japanese media say Tokyo Olympic organisers will present their first official cost estimate for the 2020 Games at a level slightly below their promised ¥2 trillion ($17 billion) cap.

The reports say organisers are expected to present an estimated total of ¥1.6 trillion to ¥1.8 trillion ($14 billion to $15 billion) at Wednesday's meeting in Tokyo.

International Olympic Committee vice-president John Coates has criticised the $17 billion cap as too high.

Coates, via video conference from Australia, will join chief organiser Yoshiro Mori, Tokyo Governor Yuriko Koike and Olympic Minister Tamayo Marukawa.

The games operational cost is expected to take up about half of the total budget.

A Tokyo government panel has warned the cost of the Olympics could exceed $30 billion - four times the initial estimate - without drastic cuts.

Read more on:    olympics 2020
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs
Vote

Caster Semenya has been nominated for the 2018 Laureus World Sportswoman of the Year award. Which of the nominees deserves the award most?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.