News24
21 May 2019, 17:42 GMT+10
Tokyo - Tokyo 2020 can make further reductions to its budget, a top Olympic official said on Tuesday, despite some sports associations voicing concerns that cost-cutting could harm the running of the Games.
"We appreciate your continued efforts to reduce the operational (budget) and other budgets," said John Coates, chairperson of the IOC's coordination committee, at the start of a three-day visit to Tokyo.
He noted that $2.2 billion had been saved from the construction and infrastructure budget and $2 billion from the operational budget but insisted: "We think there are still more savings to be obtained."
Coates singled out the "overlay" budget for further cuts, which means money for temporary facilities such as pre-fabricated tents, seating and security fencing.
He said this had already been reduced from $2.1 billion to around $1.3 billion and added: "I think that together we can help you save some more money there."
"We want to be diligent... We do not want the taxpayers of Tokyo and Japan to be meeting any of these operational costs and I'm confident that will be the case," said Coates.
In December, Tokyo 2020 organisers unveiled the latest version of their budget, which stood at 1.35 trillion yen ($12.1 billion), unchanged from the previous budget released in 2017.
Organisers have admitted that measures to tackle the expected hot weather during the Tokyo summer - such as water sprinklers and special heat-absorbing paint on roads - have driven up the bill.
Measures like this have offset other savings the organisers have been trying to make.
However, the Tokyo 2020 organisers are also being squeezed in the other direction, with some sports federations fretting that budget cuts could impact the hosting of the Games.
Eight federations, including sailing, judo and tennis, expressed worries at a recent meeting of the Association of Summer Olympic International Federations (ASOIF) on the Gold Coast in Australia.
"There are concerns over cuts in accommodation, transport and venue upgrades," an ASOIF official told AFP at the time.
On Tuesday Coates acknowledged the concerns raised by the federations, but said: "We think that you have been working them through and we are confident you will be able to address them," adding that the issues raised would be under discussion during the IOC's visit to Tokyo.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationNEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
MELBOURNE, Australia: A second embryo mix-up in just two months has pushed one of Australia's largest IVF providers back into the spotlight,...