TOKYO : Organisers have revealed the latest budget for the Olympics. The total expenditure to be around $15.4 billion.

ORGANISERS of the Tokyo Olympics will spend $900 millions on measures to stop the spread of the Coronavirus at next year's Games, they said last Tuesday, as they unveiled their latest budget for the delayed tournament.

The organisers repeated their projection that the total cost of the postponement, including the Covid-19 countermeasures, would come to about  $2.8 billion, bringing the entire cost holding the Games to about $15.4 billion.

''We want to build the best possible system by continuing to interact with the relevant organisations of doctors and nurses,'' Tokyo Olympics chief executive Toshiro Muto told reporters. 

''It's still a big issue for us to secure as many medical staff as we hope for when faced with a situation where private medical institutions are struggling with management because of the coronavirus,'' Muto said.

The organisers took the unprecedented step of postponing the Olympics in March because of the pandemic and the government of Prime Minister Yoshhohide Suga, who had declared he will host Olympics ''at any cost'', is pressing ahead with the preparation.

The Games are the legacy of the ex-premier Shinzo Abe who resigned in September. Under his watch, Japan secured the Olympics and invested billions of dollars in their organisation, having gathered more than $3 billion in domestic sponsorship.

Even before the postponement, the Olympics had gone above the initial budget with almost $13 billion already spent, according to the organisers.

The Covid-19 countermeasures will include PCR testing infrastructure, setting up a clinic, as well as creating remote coverage setups and countermeasures at food and drink processing centres, the budget summary showed.

Some of the extra costs would be covered by additional sponsorship and insurance, organisers said this month. They would also tap a contingency fund detailed in last year's budget to cover some costs.[Reuters]


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