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


Read News24’s Comments Policy

Love 2 Meet
English Premiership flutter

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

Sport24 on Twitter

Follow Sport24 news on Twitter


The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs

Besides the 'Big 3' of rugby, cricket and soccer, which of the 'smaller' sports in South Africa do you enjoy the 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.