Delayed Tokyo 2020 Olympics cost double original estimate

Fireworks explode above the Olympic Stadium during the closing ceremony of the Tokyo 2020 Olympic Games in Tokyo, Japan, on August 8, 2021. The summer Games cost the city ¥1.42 trillion, double the original 2013 estimate, due to the pandemic. – EPA pic, June 22, 2022.

THE final price tag for last year’s Tokyo Olympics was more than double the city’s original 2013 estimate after a one-year coronavirus postponement added to the already hefty bill.

The organising committee said yesterday the Games had cost ¥1.42 trillion, the equivalent of US$13 billion at the time. At today’s rates, with the yen at a 24-year low against the dollar, the figure would be US$10.4 billion (RM45.8 billion).

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