Olympics Could Cost China .5B - Front Office Sports

The Beijing 2022 Winter Olympics could cost China more than $38.5b, ten times higher than the country’s estimate of $3.9b.

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The Chinese estimate had not taken into account additional costs such as transportation and sporting infrastructure, including constructing the Olympic village which cost about $3.1b.

Newly built venues such as the National Speed Skating Oval, estimated to have cost around $186.6m, have also reportedly not been included in the current list of costs.

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In addition, China has repurposed several venues built for the 2008 summer Games, but it is unclear how much it spent to refurbish these.

Other expenses reportedly not factored in include the $9.2b spent on a driverless bullet train to transport people between Zhangjiakou and Beijing, a $773.5m subway line built specifically for the Winter Games and $514.1m invested in the Yanqing district.

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China has also purportedly not included the spend on safety measures for its Covid-19 bubble, as well as environmental concerns.

The various costs mean the total price of Beijing 2022 would dwarf the estimated $13.6b Japan spent on Tokyo 2020.

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