TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe hailed the completion of the National Stadium built for the Tokyo 2020 Olympics on Sunday, his speech at the Kengo Kuma-designed venue praising the efforts to finish on schedule after an early setback.

The stadium, built at a cost of 156.9 billion yen ($1.44 billion), will have a capacity of 68,000 when it hosts the Olympic Games opening ceremony on July 24.

It will stage athletics and soccer events at the Games as well as the closing ceremony.

During his speech, Abe referred to the challenges organizers faced when the original design was scrapped because of a public outcry over spiraling costs.

The change meant construction did not begin until December 2016 and the stadium was unable to host matches at this year’s Rugby World Cup as originally planned.

“For this National Stadium, which will be the symbol of Tokyo 2020 Olympic and Paralympic games, I assume there must have been many difficulties for the process of its construction,” said Abe.

“The design was changed during the process.

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“It is purely the result of everyone’s ‘All Japan’ contribution and hard work, so that we finally celebrate today.”

Sunday’s ceremony was restricted to a small number of officials and the first public event will be on Dec. 21.

The Emperor’s Cup soccer final will be the first sporting contest to be staged there on New Year’s Day.

“We have to make next year’s Tokyo Games an opportunity to share dreams and hopes, to create a proud legacy, show Japan’s power to the world, and open up the future of this country,” said Abe.

The 2020 Olympics run from July 24 to Aug. 9.