Tokyo 2020: Organizers move to save $280 million

Tokyo 2020 has claimed simplification measures will help to save $280 million (£217 million/€238 million) in a presentation to the International Olympic Committee (IOC) Executive Board yesterday. Organisers presented the package of cost-cutting measures announced at the Tokyo 2020 Coordination Commission meeting last month. A reduction in the number of officials at the Games by 10 to 15 per cent was suggested, which would also mean less money spent on food, drink and transportation, as part of a package of cost-reduction proposals. Infrastructure reforms that will reduce the amount of lighting and additional temporary power supplies for venues were also included. The elimination of ceremonies at the Athletes’ Village and prior to the Opening Ceremony were additionally suggested. Decoration of venues is set to be reduced by 30 to 40 per cent. The streamlining of transport services, adjusting spectator activities at competition venues and hosting a number of pre-Games meetings online were also among measures announced. Tokyo 2020 claims the 50 measures approved by the IOC should save $280 million.