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

  • January 27, 2012
    Rapid growth of bus rapid transit schemes on US Pacific coast
    This section pulls together all the multi-modal topics in each issue. Subject matter will include smartcards; ticketing and payment systems; passenger information systems; fleet management for buses, trains and light rail; park and ride systems; on-line access to real-time information via Internet portals
    Read More
  • February 4, 2015
    A better use for the UK’s commuter railways?
    A new report by think tank the Institute of Economic Affairs looks at an alternative to expanding the rail network in the UK. The report, Paving over the tracks: a better use of Britain’s railways?, by Paul Withrington and Richard Wellings outlines how commuters could pay over 40 per cent less for their journeys and more passengers could enjoy the luxury of a seat if the industry was sufficiently liberalised to allow some commuter railways in London to be converted into busways. The success of the bu
    Read More
  • June 6, 2012
    Inrix expands into Brazil
    Inrix, a leading provider of traffic information and driver services announced an exclusive partnership with MapLink, a leading provider of traffic and location-based services in Brazil. “Traffic congestion is one of Brazil’s biggest problems because the country’s infrastructure has not kept pace with its rapid economic growth,” said Inrix senior VP of business development Kush Parikh. “It’s come to a point where gridlock on the country’s roads is stalling further economic growth at a time when they can lea
    Read More
  • May 12, 2015
    US transportation secretary supports Infrastructure Week
    In support of the third annual Infrastructure Week, US Transportation Secretary Anthony Foxx is participating in events in Washington and will then head out to meet with state and local leaders, business leaders and academics in Tennessee, California, and Iowa. “Our nation’s economy and the way we live both depend on having strong infrastructure,” Secretary Foxx said. “But the truth is that our current levels of investment are falling short of what is needed just to keep our existing system safe and in g
    Read More

Highlighted Content