Final cost coming for Tokyo 2020
Published on March 25th, 2022
The Tokyo 2020 Organising Committee will officially dissolve in June, when organisers are expected to confirm the final cost of hosting the Games. Tokyo 2020 chief executive Toshirō Mutō said he expects the final costs to be “a little below the forecast in December last year,” according to the Japanese news agency Kyodo.
Tokyo 2020 estimated in December the rescheduled Olympic and Paralympic Games cost $13.6 billion. This represented a reduction of $1.8 billion on their 2020 figure.
Tokyo 2020 was set to cost around $13 billion before the Games were postponed in March 2020. Japan originally estimated the Games would cost $7 billion when it won its bid to host the Olympics and Paralympics in 2013, being elected ahead of Istanbul and Madrid.