Tokyo 2020 organisers estimate Games postponement cost $1.9 billion – media
TOKYO – This year’s postponement of the Tokyo Olympics because of the novel coronavirus cost about ¥200 billion ($1.9 billion), organisers have estimated, the Yomiuri newspaper reported on Sunday, citing people involved with the event.
The International Olympic Committee and the Japanese government were forced to put off the Games for a year in March as the coronavirus spread rapidly around the world.
The Games cost ¥1.35 trillion ($13 billion) before the postponement, the newspaper reported.
The organising committee will decide on a breakdown of the burden of the delay in December, after discussions between the committee, the Tokyo metropolitan government and the central government, the newspaper said.
A spokesman for the organisers, asked about the report, told Reuters by text message only that the committee is examining the extra costs associated with the delay.
The postponement costs include payment to staff as well as the introduction of new systems for refunding tickets but do not include measures against the spread of the coronavirus, the newspaper said.
The organisers had originally estimated that the delay would cost nearly ¥300 billion but they were able to reduce that figure by simplifying some events, the report said.