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

  • Need for balance on UK speed enforcement funding cuts
    February 2, 2012
    Trevor Ellis, Chairman of the ITS UK Enforcement Interest Group, considers the implications of the UK Government's decision to withdraw funding for road safety camera partnerships
    Read More
  • First year of growth in demand for public transport in EU ‘since economic crisis’
    June 21, 2016
    The use of public transport in the European Union has reached its highest level since 2000, with a total of 57.9 billion journeys made in 2014, according to a new study released today by UITP (International Association of Public Transport). 2014 was the first year of distinct growth in demand for public transport after years of stable demand following the start of the economic crisis in 2008. The highest total demand in 2014 for bus, tram, metro and suburban rail was recorded in Germany (10.9 billi
    Read More
  • Metro Vancouver launches major transit and transportation investment
    November 24, 2016
    Metro Vancouver, Canada, is to implement Phase One of its 10-Year Vision for Metro Vancouver Transit and Transportation, following the approval of a US$1.5 billion (CAD$2 billion) plan in transit and road improvements, marking the beginning of a multi-year investment in transit and transportation across the region. Transit and transportation improvements to be delivered during Phase One will include: increases in bus, rail and the HandyDART services; pre-construction and consultation on Broadway subway a
    Read More
  • Brazil proposes major investment in highway works
    September 19, 2014
    The administration of Brazilian president Dilma Rousseff has proposed investments of US$4.23 billion to improve the country's highway network in 2015. The investments would fall under the PAC growth acceleration plan. The bill calls for transport infrastructure department DNIT to manage US$4 billion in highway maintenance and upkeep, including highway BR-381 in the state of Minas Gerais between highway junctions BR-116 in the city of Governador Valadares and state highway MG-020. Other large investments
    Read More

Highlighted Content