The mega event’s timeta­ble has been reset cost as it was the first peacet­ime postpo­nement­PARIS: Olympic chiefs said Thursday they were bracing themselves for the extra costs incurred by rescheduling the Tokyo Games by a year to 2021. According to the latest budget, the Games were due to cost $12.6 billion, shared between the organising committee, the government of Japan and Tokyo city. The postponement affects every aspect of the organisation — the Olympic Athletes’ Village, hotels, ticketing, venues and transport, being among the major headaches. “What is being recognised is that there will be additional costs on one side for the Tokyo organising committee and there will be additional costs for the IOC and Olympic family,” Christophe Dubi, the Olympic Games executive director, said in a conference call. It is tens of thousands of lines of budget that need to be reviewed.”The Tokyo organising committee, Dubi said, “had a fantastic campaign in terms of marketing, ticketing, hospitality”.

Source: The Express Tribune April 02, 2020 16:30 UTC