Brazil to invest US$16 billion in Río Olympics

Officials in Brazil have estimated the total cost of infrastructure and works related to the 2016 Summer Olympics in Rio de Janiero to be US$16.3, with 60 per cent of the funds coming from private investors. Some US$2.5 billion of the overall budget would be spent on projects exclusively directed to the event, Agência Brasil reports. Río de Janeiro city itself will invest US$6.3 billion in fourteen projects, including light rail transit and bus rapid transit projects, as well as drainage works in the
April 23, 2014 Read time: 1 min
Officials in Brazil have estimated the total cost of infrastructure and works related to the 2016 Summer Olympics in Rio de Janiero to be US$16.3, with 60 per cent of the funds coming from private investors.

Some US$2.5 billion of the overall budget would be spent on projects exclusively directed to the event, Agência Brasil reports.

Río de Janeiro city itself will invest US$6.3 billion in fourteen projects, including light rail transit and bus rapid transit projects, as well as drainage works in the area.

The state government will invest US$4.3 billion in 10 legacy projects, the highlight being metro line 4, which will receive US$4 billion.

Related Content

  • Adaptive control reduces travel time, cuts congestion
    January 20, 2012
    Situated in San Diego County, California, the growing city of San Marcos has seen its population increase by 53.5 per cent since the turn of the century. Although this dramatic population increase has spurred economic growth bringing new business, homes and opportunities to the city, it has also increased traffic congestion along its central corridor, San Marcos Boulevard. This became the most congested arterial in the city, and, by 2006, the second-most travelled corridor in San Diego County.
    Read More
  • Brazil to call three highway concession tenders
    October 3, 2013
    Brazil's federal government will launch tenders by 12 October for three new federal highway concessions totalling 2,765 kilometres, according to transport minister César Borges. Falling under the country's US$110 billion transportation logistics program, the largest concession involves 1,100 kilometres of highway through the Federal District and the states of Goiás and Minas Gerais. An 851 kilometre stretch in the state of Mato Grosso will also be tendered, while an 814 kilometre highway segment between
    Read More
  • UK’S infrastructure on the up, but now it’s all about delivery – CBI/AECOM
    November 7, 2016
    Almost half of firms believe the UK’s infrastructure has improved over the past five years, but only a quarter think it will pick up in the next five years, and two thirds suspect it will hamper the country’s international competitiveness in the coming decades, according to the 2016 CBI/AECOM Infrastructure Survey.
    Read More
  • Road pricing is inevitable – because the ‘user pays’ principle is fair
    June 14, 2018
    We pay for roads through our taxes: the poor pay proportionately more, and effectively subsidise the rich. It would be fairer to accept the ‘user pays’ principle, says Dr John Walker. Road pricing is already used worldwide to combat congestion and pollution, to compensate for falling revenues from fuel duty (‘gas tax’), to provide an alternative (and fairer) means of charging motorists than the 80-year old fuel tax and to improve the efficiency of and expand transport infrastructure. However, it could and s
    Read More

Highlighted Content