Tokyo 2020 Olympics most expensive

European media have just published a list of the budget spent on the Summer Olympics. Among them, the Tokyo 2020 Olympics is considered the "most expensive in history" with a cost of 28 billion USD.

The 2020 Tokyo Olympics are considered the most expensive in history - Photo: Reuters

Looking at the list of expenses, the Tokyo 2020 Olympics is leading the way in terms of "spending" with a total of 28 billion USD. The reason why this event is so expensive is due to the impact of the COVID-19 pandemic.

The pandemic of the century has forced the event to be postponed for a year, resulting in additional costs such as: venue maintenance, disease prevention testing, increased staff salaries, etc.

The London 2021 Olympics came in second with $15 billion and the Rio de Janeiro 2016 Olympics came in third with $13.7 billion. The Paris 2024 Olympics will cost just $8.2 billion and is considered "cost-effective".

The organizers have implemented a frugal policy when setting up the competition venue on the banks of the Seine. Using the Eiffel Tower as a climbing location and minimizing the construction of new venues. This has led to many complaints from athletes, especially about the quality of the river water where the swimming events take place. There is also the awkward situation when 9 people have to share a room…

The 2004 Athens Olympics cost nearly $12 billion. But after the event ended, the venues became a weed-filled ghost town and exacerbated Greece’s debt crisis. The 1976 Montreal Olympics spiraled out of control, leaving citizens saddled with debt for 30 years.

According to experts, new technologies are bringing a turning point in controlling costs for organizing the Olympics. Specifically, the Paris Olympics introduced an AI system to optimize traffic schedules and energy distribution, reducing overspending by 25%.

It is believed that thanks to technological advances, future Olympics could move from “heavy” to “light” by replacing large-scale construction with smart management and resource integration.

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Source: https://tuoitre.vn/olympic-tokyo-2020-ton-kem-nhat-20250518094633101.htm