Delaying Olympics Will Involve 'massive' Costs, Organisers Say
Zeeshan Mehtab 9 days ago Thu 26th March 2020 | 01:39 PM
Rescheduling the Tokyo 2020 Olympics will involve "massive" additional costs, organisers of the Games conceded Thursday as they convened a taskforce to begin working on the "unprecedented" and complex task
Tokyo, (APP - UrduPoint / Pakistan Point News - 26th Mar, 2020 ) :Rescheduling the Tokyo 2020 Olympics will involve "massive" additional costs, organisers of the Games conceded Thursday as they convened a taskforce to begin working on the "unprecedented" and complex task.
The historic decision to postpone the Games over the new coronavirus outbreak leaves organisers with a logistical headache as they work to shift the enormous event to an as-yet-undecided date next year.
"Additional expenses are going to be quite massive we assume. With regards to our revenues, we need to make a lot of effort there," he added.
But according to the Nikkei daily, organisers estimate it will cost an extra $2.7 billion, including for venue rentals, rebooking hotels and additional payments for staff and security guards, among others.
Those costs could still come down depending on the outcome of negotiations, the business daily reported.
Muto said organisers would not rip up their existing plans, but added: "I guess we need to step back a bit." "Sometimes you need to go back to the drawing board," he said.
Tokyo 2020 staff "will experience difficulties they have never experienced before. I am sure they will rise to the occasion. This is going to be a very difficult task that we are facing," he said.
No deadlines have yet been set for the rescheduling of the Games, which are now due to take place by summer 2021, but Mori said he would ensure "all the decisions are made as quickly as possible".
Muto underscored the scale of the task ahead, saying even he "didn't imagine at all we would be tested to this degree".