The Tokyo 2020 Olympics, held in 2021 after being postponed for a year due to the coronavirus pandemic, cost 1.42 trillion yen ($10.4 billion), nearly double of the figure quoted in the city’s bid for the Games, according to a final budget report.
The Tokyo 2020 Organizing Committee held its last meeting on Tuesday evening and is due to disband at the end of the month.
Tokyo won the Olympics in 2013, offering a “safe pair of hands” and with a substantial amount of money already in the bank.
However, costs rose ahead of the Games, including for the reconstruction of the new National Stadium, used for the Opening and Closing Ceremonies as well as athletics events.
Costs also increased due to the postponement of the Games for a year and measures to prevent the spread of the coronavirus when the Games were finally held, without spectators, in 2021.
“Faced with unprecedented difficulties, all parties involved have worked together tremendously for the success of the Games and for them to be held safely,” Seiko Hashimoto, president of the organizing committee, told a conference. Press.
Sapporo, capital of the northernmost island of Hokkaido, is a candidate to host the 2030 Winter Games.