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

  • October 29, 2014
    Auckland considers road user charging to plug funding shortfall
    Auckland, New Zealand, faces a US$9.5 billion transport funding gap to build the fully-integrated transport network set out in the 30-year Auckland Plan that includes new roads, rail, ferries, busways, cycle-ways and supporting infrastructure needed to cope with a population set to hit 2.5 million in the next three decades. If Auckland opts to pay for the fully-integrated Auckland Plan, Auckland Council officials claim the transport network congestion is expected to improve by 20 per cent over the next 1
    Read More
  • March 29, 2017
    Why the US said ‘yes’ to public transportation on 8 November
    Historic funding boost reflects America’s awareness of transit’s contribution to economic growth and quality of life. Something unexpected happened on Election Day 2016, a result nobody expected; public transportation was a clear winner. There were 49 transit-related funding initiatives on ballots across the nation, of which about 70% were passed.
    Read More
  • October 24, 2014
    Lima to invest in subway lines
    Peru will invest nearly US$10 billion in the construction of Lima metro lines No. 3 and 4, private investment promotion agency ProInversión forecast at BNamericas 5th South America Infrastructure Summit. ProInversión recently awarded a pre-investment studies contract for line No. 3 and in coming the months will launch pre-investment and feasibility studies for line No. 4. "These are projects that, given similar characteristics to line No. 2 – more than 30 kilometres long and all built underground – s
    Read More
  • July 21, 2014
    President to unveil infrastructure funding initiative
    President Obama is to unveil a new federal initiative to help cities and states find private financing for transportation infrastructure. The announcement comes as the White House looks to increase pressure on Congress, which this week is debating a short-term fix to the rapidly depleting highway trust fund that underwrites road and mass transit construction. Under the plan to be unveiled by Obama, the Department of Transportation will open a new investment centre designed to serve as a ‘one-stop sho
    Read More

Highlighted Content