TOKYO (Reuters) - Tokyo 2020 organisers unveiled on Wednesday a budget of $16.8 billion (13.59 billion pounds) for hosting the next Summer Games and vowed to seek further savings in co-operation with the International Olympic Committee (IOC) which has been calling for them to cut costs.
At an a open meeting of a four-party working group that includes the IOC, organisers said they estimated overall costs of 1.6 to 1.8 trillion yen ($15-$16.8 billion), the first official figures they have released since winning hosting rights.