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Tokyo Games costs could top US$30b: Panel
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THE price tag of the 2020 Tokyo Olympics could exceed 3 trillion yen (US$30 billion) unless drastic cost-cutting measures are taken and several key venues are relocated, an expert panel warned yesterday in the latest blow to Japanese organizers.
“Naturally, anyone who hears these numbers is alarmed,” panel leader Shinichi Ueyama said.
The Olympic investigation team was launched by newly elected Tokyo Governor Yuriko Koike after she raised concerns about growing cost estimates and the potential burden on the city and its taxpayers.
The panel said the ballooning costs reflect an absence of leadership, as well as a lack of governance and awareness of cost control.
The report, submitted to Koike yesterday, reviewed three out of seven permanent venues that Tokyo is planning to build, and proposed using existing locations rather than new facilities that could end up being white elephants. It urged moving rowing and canoeing more than 400 kilometers outside the city, as well as finding new sites for swimming and volleyball.
Preparations for Japan’s first Summer Olympics since Tokyo hosted the 1964 Games have been plagued by a series of scandals and problems, including the new national stadium’s high cost and design, and allegations of bribery in the bidding process.
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