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

  • June 10, 2014
    Latin America ‘needs major investment in mass transit’
    Latin America needs to invest heavily in mass transport services to improve living standards in urban areas, according to Norman Anderson, CEO of US-based consulting firm CG/LA Infrastructure. "Unless there is mobility, it's hard to imagine cities being successful, cities being creative, so one of the things we emphasised, and we think is really important, is the whole mobility issue," Anderson said in an interview. In its most recent report on strategic infrastructure projects in Latin America, CG/L
    Read More
  • September 16, 2014
    Major funding announced to improve Bristol’s public transport
    A new rapid bus network for Bristol will be built after the UK Department for Transport announced US$55 million funding towards the US$73 million total cost of the project. The aim is to provide better bus connections between key areas of employment, housing, retail and leisure. The network will tackle traffic congestion, help create regeneration and support new jobs and homes. The Metrobus is intended to encourage car drivers coming into Bristol to shift onto public transport. Existing bus services i
    Read More
  • May 27, 2014
    Olympic challenges in Sochi
    Sporting events always create problems for traffic planners and none more so than the Winter Olympics. It is difficult to think of more diametrically opposite challenges for transport planners than the 2012 Olympics in London and this year’s Winter Olympics in Sochi: from a summer event in the heart of a megacity with well established transport infrastructure to winter games with unpredictable weather and events in remote and mountainous locations. The Winter Games are always a challenge and Sochi was no di
    Read More
  • November 26, 2015
    UK Spending Review ‘increases capital investment in transport by 50%’
    UK Chancellor George Osborne announced major investments in transport in the government’s Spending Review and Autumn Statement, despite a 37 per cent cut in the Department for Transport’s (DfT) operational budget. This was offset with a planned 50% per cent increase in capital expenditure for the DfT - rising to a total of US$92 billion. In addition to protecting overall police spending in line with inflation, an increase of US$1.3 billion by 2019-20, the review includes US$70 billion capital investment
    Read More

Highlighted Content