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Tokyo:
The coronavirus-delayed Tokyo Olympics will value no less than an additional $2.Four billion, organisers mentioned Friday, with the unprecedented postponement and a raft of pandemic well being measures ballooning an already outsized funds.
Tokyo 2020 mentioned a further $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 trade fee of 107 yen, and is nearer to $2.56 billion when calculated at in the present day’s fee.
The prices might rise additional, with Tokyo 2020 saying it’s going to launch a further $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 will not be underneath management.
But extra spending might 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 extra prices will probably be break up between the nationwide authorities, the town of Tokyo and the organisers.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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