The Tokyo Olympics which was postponed to 2021 owing to the coronavirus pandemic will now be hosted from July 23 to August 8 next year, announced the organizers on Monday. The opening ceremony will take place on July 23, 2021 – almost one year after the games were due to start this year. Also Read - Delhi Lockdown News: Chandni Chowk, Other Markets Under Self-imposed Lockdown From Today Due to Corona Surge

“The Olympics will be held from July 23 to August 8, 2021. The Paralympics will be held from August 24 to September 5,” Tokyo 2020 chief Yoshiro Mori confirmed. Also Read - Centre Bans Oxygen Supply For Industrial Use to Meet Medical Requirements For COVID Patients | Highlights

“The schedule for the games is key to preparing for the games,” Mori said. “This will only accelerate our progress.” Also Read - Jammu And Kashmir: Universities, Colleges And Schools Closed Till May 15

Both Mori and Tokyo Olympics CEO Toshiro Muto have said the cost of rescheduling will be “massive”. The local reports estimate billions of dollars – with most of the expenses borne by Japanese taxpayers.

In the wake of the coronavirus pandemic, last Tuesday, the IOC and Japanese organizers postponed the Olympics until 2021.

This year’s games were scheduled to open on July 24 and close on Aug. 9. But the near exact one-year delay will see the rescheduled closing ceremony on Aug. 8.

This is the first time in Olympics history that the Summer Games have been postponed in peacetime even though there are multiple instances from the past of the games being canceled due to war.

Japanese public broadcaster NHK had already claimed on Saturday that the Games could begin by July 23 in 2021, a nearly identical period.

The organisers are now preparing for an “unprecedented challenge” to reschedule the event of the magnitude of the Olympics that requires almost seven years of planning.

Meanwhile, the deadly pandemic has brought the world to a standstill as most major events are either canceled or postponed in order to fight COVID-19 and stop it from spreading.

(With Agency inputs)