AGL 38.25 Decreased By ▼ -0.01 (-0.03%)
AIRLINK 138.97 Decreased By ▼ -2.03 (-1.44%)
BOP 5.45 Increased By ▲ 0.01 (0.18%)
CNERGY 3.79 Decreased By ▼ -0.05 (-1.3%)
DCL 7.57 Decreased By ▼ -0.03 (-0.39%)
DFML 46.15 Decreased By ▼ -0.04 (-0.09%)
DGKC 78.11 Increased By ▲ 0.61 (0.79%)
FCCL 29.10 Decreased By ▼ -0.18 (-0.61%)
FFBL 57.10 Increased By ▲ 0.60 (1.06%)
FFL 8.70 Increased By ▲ 0.10 (1.16%)
HUBC 101.82 Increased By ▲ 3.13 (3.17%)
HUMNL 14.25 Increased By ▲ 0.15 (1.06%)
KEL 3.82 Decreased By ▼ -0.01 (-0.26%)
KOSM 7.40 Increased By ▲ 0.01 (0.14%)
MLCF 38.35 Increased By ▲ 1.65 (4.5%)
NBP 69.50 Increased By ▲ 0.60 (0.87%)
OGDC 170.02 Increased By ▲ 0.52 (0.31%)
PAEL 25.65 Increased By ▲ 0.25 (0.98%)
PIBTL 6.60 Increased By ▲ 0.04 (0.61%)
PPL 133.58 Increased By ▲ 2.58 (1.97%)
PRL 25.00 Decreased By ▼ -0.11 (-0.44%)
PTC 15.54 Decreased By ▼ -0.10 (-0.64%)
SEARL 63.83 Increased By ▲ 5.83 (10.05%)
TELE 6.95 Increased By ▲ 0.05 (0.72%)
TOMCL 36.98 Increased By ▲ 1.74 (4.94%)
TPLP 7.70 Decreased By ▼ -0.03 (-0.39%)
TREET 13.96 Decreased By ▼ -0.14 (-0.99%)
TRG 44.97 Increased By ▲ 0.28 (0.63%)
UNITY 25.40 Decreased By ▼ -0.01 (-0.04%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,205 Increased By 53.2 (0.58%)
BR30 27,717 Increased By 483.5 (1.78%)
KSE100 86,206 Increased By 365.3 (0.43%)
KSE30 27,236 Increased By 2 (0.01%)

Already under fire over soaring expenses, Tokyo's 2020 Olympic organisers on Friday sought to downplay fears that further ballooning costs could hit the trouble-cursed main stadium. Amid media reports that temporary structures at the showpiece venue could more than double in cost from bid estimates, Japanese organisers did little to ease concerns.
"The estimate for the cost of temporary facilities is not final," Tokyo 2020 spokesperson Hikariko Ono told AFP. "(It) will be made public after further discussion with parties involved. "The current estimate has been provisionally set based on procedures outlined in IOC (International Olympic Committee) technical manuals, and figures from previous Games," she added. Overlay expenses on top of the construction costs for the permanent structure of the Olympic stadium, including practice facilities such as a running track, could top 10 billion yen ($87 million), according to local media.
The Japanese and Tokyo city governments, along with Games organisers, are looking into sharing costs for maintaining these temporary facilities at the stadium, which is scheduled to be completed in November 2019. Japan's new National Stadium has been a major source of controversy since Prime Minister Shinzo Abe scrapped the original blueprint in 2015 as costs raced beyond $2 billion. Late Iraqi-British architect Zaha Hadid's futuristic plan has since been replaced by Kengo Kuma's hamburger-shaped design - a relative snip at $1.5 billion. But organisers are still sweating over the price tag for the 2020 Games, which experts have warned could hit an eye-watering 3 trillion yen ($26 billion).

Copyright Agence France-Presse, 2017

Comments

Comments are closed.