Savings of 30 billion yen (US 280 million dollars) achieved through various measures.
The Tokyo Organising Committee of the Olympic and Paralympic Games (Tokyo 2020) updated the IOC Executive Board on its preparations for the Games today (7 October).
Regarding the simplification of the Games, Tokyo 2020 has been looking at this for over three months since a policy of simplification and optimisation measures for the Games was agreed, by gaining the support and empathy from people in Tokyo and Japan. As a result, at the recent Coordination Commission meeting on 24 -25 September, Tokyo 2020 and the IOC agreed on more than 50 items of simplification and optimisation to deliver Games fit for a post Corona world.
The primary items are:
- Review of specifications of temporary overlays and other equipment at venues, also reduction of service levels
- Reductions in the look of the Games in venues and in the Olympic and Paralympic Village
- Optimisation of the Tokyo 2020 Olympic Torch Relay operations
- Encouraging stakeholders to optimise their delegation working in Tokyo
- Optimisation of staffing plans for the Organising Committee
US 280 million dollars savings
The IOC and the Olympic Family also contributed greatly to the simplification measures through a number of different initiatives. In total, a tentative estimate resulting from these reviews as of now is that Tokyo 2020 will make savings of 30 billion yen (US 280 million dollars) over costs without simplification measures. Tokyo 2020 thanks the IOC, the IPC and the wider Olympic and Paralympic Movement for their close collaboration they have had in order to achieve this result.
Tokyo 2020 believes that this work will help to create a model for future global events including forthcoming Games amid the new normal in which we now live. We will continue to strive to make the Tokyo 2020 Games a legacy for humanity in the future.
The results of this simplification exercise will now allow us to estimate the total additional costs associated with the postponement. We will also estimate the costs for COVID-19 countermeasures, which are currently under discussion. We will work out these topics in detail, settle cost sharing, and present our V5 budget by the end of this year. Our efforts on simplification and optimization will be continued until the opening of the Games. We are grateful for the cooperation of all parties involved.
Revision of the host city contract
Tokyo 2020 also reported to the IOC EB on a revision of the host city contract, and it has been approved by all sides. Postponement of the Games has required a revision of the host city contract, and discussions between the IOC and the Japan side have proceeded on this matter.
Accordingly, the three contract parties on the Japan side have just submitted their signatures to the IOC. We want to thank the IOC for their cooperation and support during this process.
With only nine months to go till the opening of the Olympic and Paralympic Games Tokyo 2020, we will continuously work closely together with all key parties to deliver the safe and secure Games.