The estimate was presented at a meeting in Tokyo on Wednesday between 4 groups preparing for the Games.

Tokyo Governor Yuriko Koike, the president of the organizing committee, Yoshiro Mori, and the cabinet minister in charge of the Tokyo Games, Tamayo Marukawa, attended the meeting. The Vice President of the International Olympic Committee, John Coates, participated through a video-conference system.

At the start of the talks, Governor Koike revealed her decision to build a new volleyball arena in Tokyo's Ariake waterfront district as initially planned for the 2020 Games.
The decision on the volleyball venue had been postponed at their meeting last month.

The organizing committee said the total cost of the games would be between 13.6 billion dollars and 15.3 billion dollars.

It proposed it would pay up to 4.2 billion dollars, and other organizations would shoulder the remaining 11 billion dollars.

Committee president Mori called Wednesday's meeting a new start. He said the Tokyo Metropolitan government and his committee share the same goal of reducing expenses.

Mori added that he hopes to begin discussions on role-sharing arrangements with Tokyo and other related municipalities as soon as possible.

Koike indicated that detailed talks will be needed on ways to divide the costs other than those shouldered by the organizing committee. She said methods to reduce expenses and increase the organizing committee's revenues also need further discussion.

Koike added that the decision on role-sharing is a domestic matter, and she hopes the Japanese government, the organizing committee, and the Tokyo government can start discussions early next year.