Tokyo 2020 Olympics unveil final budget of $12.6 billion

Tokyo, Dec 20 (AFP/APP): The Tokyo 2020 Olympics are expected to cost some 1.35 trillion yen ($12.6 billion), organisers said Friday, unveiling a final budget showing increased revenue balancing out extra costs including countermeasures against heat. However, officials admitted the budget does not yet include an estimated three billion yen for moving the marathon and race walk north to Sapporo, as they wrangle with the International Olympic Committee (IOC) over who bears the cost. Revenues from domestic sponsorship and robust ticket sales have increased income by 30 billion yen, according to the fourth and final version of the Olympic budget. … Continue reading Tokyo 2020 Olympics unveil final budget of $12.6 billion