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Tokyo Olympics 2020 had been postponed to 2021 because of the coronavirus outbreak.© AFP
The coronavirus-delayed Tokyo Olympics will value no less than an additional $2.Four billion, organisers stated Friday, with the unprecedented postponement and a raft of pandemic well being measures ballooning an already outsized funds. Tokyo 2020 stated an extra $1.5 billion could be wanted for operational prices associated to the delay, with one other $900 million in spending on coronavirus countermeasures for the Games subsequent yr. The greenback determine is calculated at an alternate charge of 107 yen, and is nearer to $2.56 billion when calculated at at this time’s charge.
The prices may rise additional, with Tokyo 2020 saying it’s going to launch an extra $250 million in “contingency” funds to assist cowl the bills.
The further prices come as organisers and Olympic officers work to construct enthusiasm and momentum for the primary Games postponed in peacetime, insisting that the large worldwide occasion can go forward subsequent yr even when the pandemic is just not below management.
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But extra spending may additional harden public opinion in Japan, the place polls earlier this yr confirmed a majority of individuals assume the Games must be postponed once more or cancelled collectively.
The further prices will likely be cut up between the nationwide authorities, town of Tokyo and the organisers.
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