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 21, 2012
    Development banks pledge US$175 billion for clean transport
    Eight of the world’s largest multilateral development banks (MDBs) banks yesterday pledged to invest US$175 billion over the next 10 years to support sustainable transport in developing countries. The pledge was made at the UN Sustainable Development Conference in Rio de Janeiro (Rio+20) by the African Development Bank, Asian Development Bank, CAF- Development Bank of Latin America, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Developme
    Read More
  • February 2, 2012
    Economic crisis needs non-partisan perspectives to stimulate growth
    Kary Witt, President of the IBTTA and Pat Jones, Executive Director and CEO, talk about the need to put aside partisan perspectives in order to deal with the current economic crisis
    Read More
  • July 10, 2014
    House proposes US$10.5 billion eight-month highway bill
    The US Government House Ways and Means Committee is proposing a US$10.5 billion, eight-month transportation funding bill to push the debate over road and transit spending into the next Congress. The proposal, which calls for a temporary extension of current transportation funding levels until 31 May 2015, comes as lawmakers try to come up with a way to replenish the Department of Transportation's depleted Highway Trust Fund before a predicted August bankruptcy date. The traditional funding source fo
    Read More
  • May 23, 2016
    Public transit CEOs highlight urgent need to invest in aging US public transportation systems
    CEOs of large, mid-size and small public US transportation systems attending a press call as part of National Infrastructure Week have sounded the alarm for the urgent need to increase infrastructure investment in America's public transportation systems. The Federal Transit Administration (FTA) cited a US$86 billion backlog in deferred maintenance and replacement needs with more than 40 per cent of buses and 25 per cent of rail transit assets in marginal or poor condition, according to the latest data
    Read More

Highlighted Content