Thiruvananthapuram

28°C

Haze

Enter word or phrase

Look for articles in

Last Updated Saturday March 25 2017 05:28 AM IST

Tokyo organizers unveil revised budget for 2020 Olympics

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Tokyo 2020 A shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic Games during the Olympic flag-raising ceremony in Tokyo on September 21, 2016. Reuters

Tokyo: Tokyo Olympic organisers unveiled a budget of 1.6 to 1.8 trillion yen ($15-$16.8 billion) for the 2020 Summer Games on Wednesday, down from a last month's proposal of as much as 2 trillion yen after they came under pressure to cut costs.

The figure is still more than double the original estimate made during the bidding process, although that had not included security and transportation costs.

Read also: Toss, pitches were taken out of equation: Kohli

A Tokyo city government panel had estimated in September that costs could balloon to as much 3 trillion yen. The International Oolympic Committee is worried such lofty figures could scare off future bidders and had called for a sharp reduction.

(With agency inputs)

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.