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Delayed Tokyo Olympics to cost additional $1.9bn: report – Unfold Times

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The coronavirus-delayed Tokyo Olympics may price $1.9 billion greater than its unique price range of $13 billion, a 15 p.c enhance, a report mentioned Sunday.

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The Olympics organisers will formally determine the elevated price range for the Video games as early as mid-December after speaking with the Japanese authorities and the host metropolis Tokyo, the Yomiuri Shimbun reported, citing unnamed Olympic sources.

The 2020 Video games have been pushed again a 12 months as Covid-19 unfold across the globe, and at the moment are scheduled to open on July 23, 2021.

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However the delay has thrown up a plethora of recent prices, from rebooking venues and transport to retaining the massive organising committee workers.

With many international locations experiencing second and even third waves of an infection, there have been doubts about whether or not the occasion may be staged, however organisers and Olympic officers insist it may be performed safely.

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The additional 200 billion yen ($1.9 billion) on the pre-coronavirus estimate of 1.35 trillion yen ($13 billion) comes regardless of organisers final month slashing $280 million by reducing all the pieces from staffing to pyrotechnics, however the brand new determine doesn’t embody prices of the coronavirus-related measures, the report mentioned.

Officers count on the virus-linked measures shall be paid by the Japanese authorities, it mentioned.

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Plans for a lower-key, lower-cost Olympics have been unveiled in September, with fewer free tickets, athlete welcome ceremonies being scrapped and financial savings on banners, mascots and meals.

The report comes after a senior official on Friday mentioned Tokyo Olympics take a look at occasions will resume in March and a call on fan attendance shall be made within the spring.

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Organisers and officers are contemplating an extended checklist of potential virus countermeasures that they hope will make it potential to carry the Video games, even when a vaccine just isn’t out there.

Worldwide Olympic Committee chief Thomas Bach earlier this month mentioned he was “very assured” the Video games can have followers.

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However enthusiasm for the Video games seems to have waned in Japan, with polls over the summer time discovering only one in 4 Japanese individuals wished to see them occur, and most backing both an extra postponement or outright cancellation.

Officers of the Tokyo Olympics organising committee couldn’t instantly be reached for remark.

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– AFP

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