2020 Tokyo Games’ ceremonies may cost 13 B. Yen

February 15, 2019

Tokyo--The 2020 Tokyo Olympic and Paralympic organizing committee on Friday agreed to raise the cap on the costs for the games' opening and closing ceremonies to 13 billion yen from 9.1 billion yen.

The committee examined an outline of the ceremony plans and concluded that the costs would far exceed the 9.1 billion yen planned at the time of the Olympic bid, officials said.

According to the committee, the costs for the opening and closing ceremonies stood at 16 billion yen in the 2012 London Games. The costs are forecast to reach 14.8 billion yen for the 2024 Paris Games and 18.4 billion yen for the 2028 Los Angeles Games. Jiji Press