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Osaka World Expo organizer to raise construction cost estimate again

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another pit for tax money.

who needs that expo at all?

4 ( +15 / -11 )

Geez! Like no one ever saw this coming! Love to see what is going to happen when countries decide it's just too much money and decide they no longer want to participate!

5 ( +14 / -9 )

What a surprise!

-2 ( +8 / -10 )

Are we surprised by this. This happens at most popular construction sites, like this and the Olympics. You'd think people know well enough to tell bidders to keep to their budget. Any extra costs comes out of the construction company's pocket.

7 ( +9 / -2 )

You'd think people know well enough to tell bidders to keep to their budget. Any extra costs comes out of the construction company's pocket.

That would leave no bidders for the project, so the result is once again "The central government will shoulder part of the cost increase"

8 ( +8 / -0 )

It’s not just a matter of money. After three decades of deflation and no growth, the numbers of construction companies and workers have decreased by more than thirty percent. No matter how much money the government might pour into the Expo, there’s simply no supply capacity to meet the April 2025 deadline.

1 ( +2 / -1 )

another pit for tax money.

who needs that expo at all?

Ever wonder what will happen to all this overpriced construction and development once the Expo is over? Well, the answer is all about the location...

The event, to be held from April 13 to Oct. 13 2025 on the man-made island of Yumeshima in Osaka Bay,

...and Yumeshima will be the location of Japan's first casino, um, I mean "Integrated Resort", set to open in 2029. (somehow all the Expo articles always fail to mention this). Yeah, pretty convenient for the casino operators (MGM and Orix) to be able to move onto the island with all that taxpayer subsidized infrastructure and no-longer-necessary leftover buildings.

6 ( +6 / -0 )

Pavilions are having trouble finding contractors to work on this.

The so-called labour shortage, and very few people wanting to commit to 6-12 months for installation and a further 6 months running it. And it is in a poor location.

In comparison, the 2005 Aichi Expo was bankrolled by Toyota, who contributed a lot to less affluent countries' pavilions, to give them a valuable and visible presence. The cost of the Expo was estimated at 340 billion yen ($3.3 billion). However, the recorded 22,049,544 visitors greatly exceeded the target of 15,000,000 and the Expo made a profit of over 10 billion yen, on paper.

5 ( +5 / -0 )

Just what else did you expect when the construction companies have 0893 as their telephone area code.

0 ( +1 / -1 )

Its frustrating that the only idea the people running this country have is to waste obscene amounts of money trying to reboot ideas from the 60s and 70s.

Tokyo Olympics? Check.

New high speed train between Tokyo and Osaka? Check.

Expo in Osaka? Check.

Sapporo Olympics? God forbid, but yeah of course they are working on that too.

This is just a country that has run out of new ideas and is hitting its head against the wall thinking it can just repeat exactly what it did 60 years ago (even down to having the same bloody cities hosting exactly the same events) and get the same results.

-1 ( +6 / -7 )

Happens with all events organizations around the globe.

But common practice, an estimation is made and pending on the clausule can be increased due cost increase. That's how most projects works.

5 ( +6 / -1 )

"The new estimate will come after the Japan Association for the 2025 World Exposition said in December 2020 that it expects the cost of building the venue to reach 185 billion yen, exceeding the initial estimate of 125 billion yen..."

WHAT??!? Never!! They NEVER do this, ever! I am so utterly shocked. No one could have every predicted this.

-4 ( +2 / -6 )

Just cancel this ridiculous vanity project.

4 ( +7 / -3 )

Already failing expo 2025 is just pretext or vanity that far-right parties continue to waste vast taxes under the name of "pride of the state" as same as corrupted Olympic 2020.

3 ( +6 / -3 )

A hundred billion here, a hundred billion there, pretty soon you’re talking about real money.

3 ( +5 / -2 )

Heads should roll when the project is over budget by nearly 100%. Pretty sure labor costs didn't go up even 5% in the same period.

5 ( +5 / -0 )

Writing was on the wall a long time ago. What the hell is an expo anyways? Me thinks I'll go to USJ...

6 ( +7 / -1 )

Japan certainly spends quite a bit of treasure trying to get the rest of the world to notice it.

They'll be lucky of the rest of the world even bothers showing up for this thing. From what I here, a lot of countries seem to be pulling the plug on going.

2 ( +7 / -5 )

The theme for the expo is "Designing Future Society for Our Lives", with sub-themes of "Saving Lives", "Empowering Lives" and "Connecting Lives". The directors of the expo were announced on 23 May 2019 and include Hiroyuki Ikeda, Kengo Sakurada, Hirofumi Yoshimura (Governor of Osaka), and Ichirō Matsui (Mayor of Osaka), with Hiroyuki Ishige as the secretary general. The participants of this expo include most of the world's countries, including Russia, Afghanistan and Palestine, but not Ukraine.

1 ( +1 / -0 )

 is raising its estimate of the venue's construction cost for the second time to about 230 billion yen.

said in December 2020 that it expects the cost of building the venue to reach 185 billion yen, exceeding the initial estimate of 125 billion yen.

so, in 2024, will the estimate go

up to 345 billion yen?

and then by September 2025, it will go up to 459 billion yen?

morons.

How are these criminals not in jail?

with the number of visitors expected to reach around 28 million.

hah. Will they count the number of people that will be working there as well?

no 28 million people are going to be visiting this nonsense. Definitely not at the entrance fee prices they were charging.

> coupled with a labor shortage

again, this crap……

THERE IS NO LABOR SHORTAGE!!!!

just cheap companies paying slave wages and commanding brutal work hours.

just end all of this, cut all the loses, and throw all the organizers in jail.

-4 ( +2 / -6 )

Leeches.

-3 ( +3 / -6 )

The true cost will only be announced after the event. Just like the Olympics.

-2 ( +3 / -5 )

Ghost of Olympics 2023 is back!!! Free money!!!!

-4 ( +1 / -5 )

*2020

-2 ( +1 / -3 )

The only people who know what this even is are the people trying to put it together. The price keeps rising and not on their personal funds side. Amazing

1 ( +1 / -0 )

What? II never saw this coming. It's like the sun rising every morning: totally unpredictable.

-2 ( +0 / -2 )

All these high cost over budget works are guaranteed to keep the OB network riding the gravy train until their late eighties and nineties if not beyond!

-1 ( +0 / -1 )

Here are a few more things no one is talking about which certainly guarantee that the 2025 Osaka World Exposition is going to be a colossal failure: "climate change" travel restrictions, "new pandemic" travel restrictions, banking collapses and the imposition of central bank digital currencies which restrict our ability to spend our money as we see fit, staggering inflation, food shortages, fuel shortages, possible wars and regional conflicts with belligerent countries.

0 ( +0 / -0 )

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