The 2020 Tokyo Olympics will cost about ¥1.35 trillion, according to the third and most recent budget announced to the press on Friday.
The local organizing committee and the Tokyo Metropolitan Government held a joint media briefing on Friday to announce the budget's details. Although the total hasn't changed, ¥20 billion have been reapportioned since the previous budget was announced last December. Half of that has been added to the transportation budget in order to increase the fleet of cars and buses, ¥5 billion will be used to reinforce food safety due to concerns of unusually hot weather predicted to hit during the games, and the remaining ¥5 billion will be allocated to help support the travel expenses of volunteers, among other things.
"Tokyo 2020 is an important economic opportunity that could bring financial growth and new jobs to the area, and we are treating it as such," International Olympic Committee inspection team head John Coates said in a statement.