Japan will bill nearly two billion dollars to cover the additional cost of postponing the Tokyo 2020 Olympics due to the coronavirus.
Kyodo News and the Yomiuri newspaper reported that the Games Organizing Committee, the Tokyo metropolitan government and the Japanese government will decide how much each party will contribute.
The additional costs will come from introducing anti-coronavirus measures, such as setting up test centers, Kyodo said, in addition to expenses related to sites, equipment and labor.
The Tokyo Games, which will open a year later than scheduled for July 23, 2021, are already the most expensive Summer Olympics in history, according to a study by Oxford University.
The official cost was set at $ 12.6 billion, but a government review last year said the real number was probably twice that.
All but $ 5.6 billion in public funds, Reuters said, raises the question of how Japanese taxpayers will respond to bearing a greater financial burden at a time of economic uncertainty.
The Japanese government, organizers and the International Olympic Committee [IOC] Insist that the games will continue despite the pandemic, albeit in a more compact form
International Olympic Committee President Thomas Bach said during a recent visit to Tokyo that developing Covid-19 vaccines had boosted the event’s prospects, but warned that it was not a “silver bullet”.
Tens of thousands of athletes and officials are expected to be closely monitored and to live in quarantine-like conditions during the games. They will be encouraged to abandon tourist trips and leave Japan once their activities are over.
However, no decision has been made about fans abroad, with some reports suggesting that a limited number of countries that have controlled infection rates may be able to attend.