The Tokyo city government has agreed to pay a quarter of the 158
billion yen ($1.3 billion) cost for the new stadium for the 2020
Olympics.
The breakdown of the financial agreement for the Olympic stadium will
see the Tokyo government pay 39.5 billion yen ($320.8 million) of the
total cost, the national government will pay half, or 79.1 billion yen
($640 million), and proceeds from a national sports lottery will cover
the remaining 39.5 billion yen.
Tokyo's governor, Yoichi Masuzoe, agreed to the plan in talks with
Japan's Olympics minister and education minister, who is in charge of
sports.
The city will also cover some related costs, such as a pedestrian
walkway and maintenance for the stadium, which is expected to become a
national landmark and recreation site after the Olympics.
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