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Sun Oct 23 09:52:03 SAST 2016

Olympics cost 'too high'

Reuters | 19 October, 2016 08:05
Tokyo governor Yuriko Koike said this was the last chance to take steps to rein in soaring costs. File photo

The International Olympic Committee said yesterday that costs for the 2020 Tokyo Games looked "very high" and would work with organisers to cut them, but that athletes must come first when considering how to rein in spending.

Tokyo governor Yuriko Koike ordered a review of Olympic expenses that last month recommended changing three venues in an effort to rein in costs projected to hit 3 trillion yen (R407-billion) - some four times the initial estimates made when Tokyo won the right to host the Games.

One of the proposed changes would mean moving rowing and canoe/kayak sprint events north of Tokyo to use existing facilities rather than building new ones in the capital.

Koike said this was the last chance to take steps to rein in soaring costs.

If they fail to reach an agreement on the Tokyo site, the Olympic committee would even consider hosting the events in the South Korean city of Chungju, where rowing events were held for the 2014 Asian Games, media reports suggested.


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