'Gran Turismo 5' cost $60 million

Polyphony Digital has revealed that Gran Turismo 5 cost $60 million (£36m) to make.

The figure was confirmed by boss and lead producer Kazunori Yamauchi, but played down the cost by comparing it to other expensive projects.

"There are other games that cost more," he told AutoWeek. "Considering the size and scale of the game, I think it's probably a fairly small amount."

It has been speculated that the most expensive game was Grand Theft Auto IV at $120 million (£72m), while Dreamcast adventure Shenmue was reported to cost $70 million (£42m)

Gran Turismo 5 will be released in March 2010 in Japan.