AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

imageTOKYO: Construction of the main stadium for the Tokyo 2020 Olympics officially started Sunday, more than a year after the original blueprints were torn up following public outcry over skyrocketing costs.

The stadium is due to be completed by the end of November 2019, five months behind schedule.

"I believe, after four years, many athletes will challenge their physical limits at this stadium and empower spectators and the society," Prime Minister Shinzo Abe said at a ceremony to mark the start of building work.

Japan approved the new stadium plans in September after Abe scrapped the initial design by the late Iraqi-British architect Zaha Hadid as costs soared beyond $2 billion.

The 149 billion yen ($1.29 billion) price tag for architect Kengo Kuma's proposal comes in just under the cap for the contractors, led by construction giant Taisei Corp.

The new venue is being built on the site of the former national stadium which was used for the 1964 Tokyo Olympics.

Concerns that ballooning costs could hit a staggering $30 billion -- four times the initial estimate and almost triple that of the 2012 London Olympics -- have forced organisers to rethink plans for several venues.

Tokyo Governor Yuriko Koike announced recently that the host city would build a new aquatic centre with 15,000 seats, costing less than the original design for a 20,000-seat arena.

Koike has dropped a proposal for a cheaper alternative of moving the canoeing venue outside Tokyo but promised to cut construction costs on that and another facility.

A decision on whether to build a new volleyball venue in Tokyo or use an existing one in Yokohama, south of the capital, was postponed until later this month.

Copyright AFP (Agence France-Press), 2016

Comments

Comments are closed.