Tokyo hit by new stadium cost fears

Source:AFP Published: 2017/3/11 0:08:40

Already under fire over soaring expenses, ­Tokyo's 2020 Olympic organizers on Friday sought to downplay fears that further ballooning costs could hit the trouble-cursed main stadium.

Amid media reports that temporary structures at the showpiece venue could more than double in cost from bid estimates, Japanese organizers did little to ease concerns.

"The estimate for the cost of temporary facilities is not final," Tokyo 2020 spokesperson Hikariko Ono said. "[It] will be made public after further discussion with parties involved.

"The current estimate has been provisionally set based on procedures outlined in IOC [International Olympic Committee] technical manuals, and figures from previous Games," she said.

Overlay expenses on top of the construction costs for the permanent structure of the Olympic stadium, including practice facilities such as a running track, could top 10 billion yen ($87 ­million), according to local media.

The Japanese and Tokyo city governments, along with Games organizers, are looking into sharing costs for maintaining these temporary facilities at the stadium, which is scheduled to be completed in November 2019.

Japan's new National Stadium has been a ­major source of controversy since Prime Minister Shinzo Abe scrapped the original blueprint in 2015 as costs raced beyond $2 billion.

Late Iraqi-British architect Zaha Hadid's futuristic plan has since been replaced by Kengo Kuma's hamburger-shaped design - a ­relative snip at $1.5 billion. But organizers are still sweating over the price tag for the 2020 Games, which experts have warned could hit an eye-watering 3 trillion yen ($26 billion).

Euphoria at winning the bidding war in 2013 quickly faded as public rows over costs and a series of scandals have overshadowed Tokyo's preparations for its second Olympics since 1964.

The Tokyo city government says it expects the Olympics to generate a boost of 32 trillion yen ($280 billion) to the Japanese economy.

Posted in: OLYMPICS

blog comments powered by Disqus