tokyo hit by new olympic stadium cost fears
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Tokyo hit by new Olympic stadium cost fears

Arab Today, arab today

Arab Today, arab today Tokyo hit by new Olympic stadium cost fears

Experts have warned that the 2020 Tokyo Olympic Games could cost an eye-watering 3 trillion yen
Tokyo - AFP

Already under fire over soaring expenses, Tokyo's 2020 Olympic organisers on Friday sought to downplay fears that further ballooning costs could hit the trouble-cursed main stadium.

Amid media reports that temporary structures at the showpiece venue could more than double in cost from bid estimates, Japanese organisers did little to ease concerns.

"The estimate for the cost of temporary facilities is not final," Tokyo 2020 spokesperson Hikariko Ono told AFP. "(It) will be made public after further discussion with parties involved.

"The current estimate has been provisionally set based on procedures outlined in IOC (International Olympic Committee) technical manuals, and figures from previous Games," she added.

Overlay expenses on top of the construction costs for the permanent structure of the Olympic stadium, including practice facilities such as a running track, could top 10 billion yen ($87 million), according to local media.

The Japanese and Tokyo city governments, along with Games organisers, are looking into sharing costs for maintaining these temporary facilities at the stadium, which is scheduled to be completed in November 2019.

Japan's new National Stadium has been a major source of controversy since Prime Minister Shinzo Abe scrapped the original blueprint in 2015 as costs raced beyond $2 billion.

Late Iraqi-British architect Zaha Hadid's futuristic plan has since been replaced by Kengo Kuma's hamburger-shaped design -- a relative snip at $1.5 billion.

But organisers are still sweating over the price tag for the 2020 Games, which experts have warned could hit an eye-watering 3 trillion yen ($26 billion).

Euphoria at winning the bidding war in 2013 quickly faded as public rows over costs and a series of scandals have overshadowed Tokyo's preparations for its second Olympics since hosting the 1964 Games.

The Tokyo city government says it expects the Olympics to generate a boost of 32 trillion yen ($280 billion) to the Japanese economy.

However, organisers face a real battle to keep costs below the $20 billion cap demanded by the IOC.

As well as the stadium fiasco, embarrassing accusations of plagiarism from a Belgian theatre forced the Tokyo organising committee to bin the original design of the Games logo.

More seriously, French prosecutors are investigating allegations of illegal payments made during Tokyo's successful Olympic bid. Japanese Olympic officials strenuously deny any wrongdoing.

source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tokyo hit by new olympic stadium cost fears tokyo hit by new olympic stadium cost fears

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tokyo hit by new olympic stadium cost fears tokyo hit by new olympic stadium cost fears

 



GMT 15:56 2013 Thursday ,31 January

Business with pleasure

GMT 08:43 2017 Friday ,17 November

Bulldog Skincare For Men launches Age Defence Range

GMT 21:42 2017 Friday ,08 December

Al Masly: country’s market attractive

GMT 10:16 2015 Sunday ,25 October

Robot adapts speech to get your attention

GMT 16:47 2017 Friday ,08 September

Pakistan not to take brunt of others fiasco: Air Chief

GMT 06:10 2017 Tuesday ,07 March

Cultural gems that are part of world heritage

GMT 10:27 2015 Monday ,06 July

Mini to launch ‘Clubman’ in 2016

GMT 07:05 2017 Monday ,06 November

Young Engineers in the Making at SIBF 2017

GMT 17:05 2017 Saturday ,07 October

Formula One: Hamilton one of best all time, says Wolff

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:21 2017 Thursday ,26 October

US Congress passes $36.5 bn

GMT 20:19 2017 Wednesday ,16 August

Uber bows to Philippines suspension

GMT 11:29 2017 Sunday ,12 February

10 home remedies to cure varicose veins

GMT 08:51 2018 Monday ,03 December

Israeli forces arrest 24 Palestinians in West Bank

GMT 15:00 2018 Monday ,01 October

"Iran’s choice" Between Syria and Pakistan

GMT 14:13 2018 Friday ,28 September

Kingdom will take major strides with Vision 2030
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday