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 12, 2015
    Close shave for Brazilian project
    Signing the order to equip a new control room just 45 days before the city hosts a major sporting event is challenging - but some deadlines just cannot be moved. There is nothing like a deadline to concentrate minds and effort as Mitsubishi and the Brazilian city of Belo Horizonte discovered in the run-up to the 2014 World Cup. Although municipal authorities had been considering a new command centre for years, it was the hosting of the World Cup last summer that provided the final impetus.
    Read More
  • December 9, 2016
    Analysis reveals increase in UK government infrastructure and construction pipeline
    Analysis by KPMG has revealed a US$49 billion (£38.9 billion) jump in the value of the UK Government infrastructure and construction pipeline since March 2016. It also revealed that 60 per cent of the US$633.8 billion (£502.3 billion) in pipeline value is predicted to be spent by 2020. The report, National Infrastructure and Construction Pipeline – KPMG Analysis, reflects a total allocated value of US$633.8 billion (£502.3 billion), from US$584.6 billion (£463.4 billion) in March 2016. It highlights t
    Read More
  • March 23, 2012
    Trial of renewable diesel for Rio buses
    Amyris Brasil, a subsidiary of Amyris, has announced that it will supply renewable diesel during a 12-month fleet test involving 20 city buses in Rio de Janeiro, Brazil. The renewable fuel derived from sugarcane, known locally as Diesel de Cana, will be blended at a 30 per cent rate with petroleum-derived diesel and used in Mercedes-Benz buses operated by Viação Saens Peña, a Rio-based bus operator. The Rio transportation federation, Fetranspor, will use the data collected during this fleet test to evaluate
    Read More
  • February 11, 2014
    South America invests in transportation
    The governments of Brazil and Chile have announced major investments in urban transport. In Brazil, the federal government, in partnership with state and municipal governments is to invest US$59.54 in urban mobility. The total investment will cover 3,500 kilometres of transport, including metros, trains, and bus lanes, together with rail transport for the construction of metros in nine cities, marked as a priority due to their high capacity, speed and security. Further investment is to be made in work o
    Read More

Highlighted Content