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Tokyo 2020 moves cycling events in cost-cutting drive

Europe
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Lausanne, Switzerland (dpa) - Track cycling and mountain bike events at the Tokyo 2020 Olympics will be moved 120 kilometres away from the Japanese capital to save costs, the International Olympic Committee announced on Wednesday.

The IOC‘s executive board meeting in Lausanne approved the decision as Tokyo battles to manage its budget and the IOC itself looks to make the Games cheaper.

The savings should add up to 100 million dollars given the venues in Izu already exist and new facilities in Tokyo no longer have to be built.

Road race cycling and BMX events will still take place in Tokyo.

In all, Tokyo is looking to save 1.8 billion dollars as part of the IOC‘s cost-cutting Olympic Agenda 2020.

Japan scrapped plans for an expensive Olympic stadium designed by British-Iraqi architect Zaha Hadid earlier this year with a new version expected to cost 60 percent of the original.

The IOC has been spooked by the likes of Boston and Hamburg pulling out of bidding for future Games.

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