Tokyo Olympics cost double official number, delay adds $2.7 billion - Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

The Tokyo Olympics are reportedly already running double the official $12.6 billion cost, and the postponement could add another $2.7 billion

a government audit found that the cost of the Tokyo Olympics is double the official $12.6 billion cost.that the postponement of the games until July 2021, due to the novel coronavirus, could add an additional $2.7 billion to the total cost.

On Tuesday, Japanese organizers and the International Olympic Committee got into a spat over covering those additional costs.In a Q&A section on the IOC's website, the organization said Japanese Prime Minister Abe Shinzo had agreed to handle the extra costs. "For the IOC, it is already clear that this amounts to several hundred millions of dollars of additional costs."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Maybe next time when the Olympics are awarded to a city the city should atleast have the existing capacity to host the event without any major new developments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan hasn't agreed on additional costs for Olympics delayIn a statement the IOC said Prime Minister Shinzo Abe agreed that 'Japan will continue to cover the costs it would have done under the terms of the existing agreement for 2020, and the IOC will continue to be responsible for its share of the costs.
Source: trtworld - 🏆 101. / 63 Read more »

More Than 400K L.A. County Residents May Have Been Infected With COVID-19, Per Antibody StudyAnywhere between 221,000 and 442,000 L.A. County residents could have been infected with the COVID19 illness per a newly released antibody study If the election was today, and Trump lost, NOBODY CNN would be talking about the Chinese coronavirus or the deaths caused by the virus.
Source: THR - 🏆 411. / 53 Read more »

Silent partner in coronavirus contract sold protective gear to U.S. for double the costAs the silent partner in a deal heralded by President Donald Trump, Grainger got $7.96 per coverall from U.S. after buying them from DuPont for $4 apiece. Grainger? Trump a silent partner in Grainger? Grainger is always double the cost of the next distributor.......
Source: NBCNews - 🏆 10. / 86 Read more »

Coronavirus relief bill includes tax benefit for millionaires that will cost taxpayers $90 billionLess than 3 percent of the benefits from the change will go to Americans earning less than $100,000 a year. Is this a joke? Scandal. Trahison. Corruption. When will happen the Real Democratic Revolution of the United States of America?
Source: Newsweek - 🏆 468. / 52 Read more »

Coronavirus: New plan would test 30 million per week and cost up to $100 billion, but 'we've got to do it'Health experts and business CEOs have said there needs to be a big increase in coronavirus testing before companies and social settings start reopening. 30 million million What are we just throwing numbers now Typo 30 million a week lol
Source: CNBC - 🏆 12. / 72 Read more »