Thursday, January 20, 2011

Brazil to turnover up to 50 bn USD for both World Cup 2014 and Rio Olympics 2016

As Brazil's economy is boosting, south americas largest country will see another boost by the US$ 11.2 billions to be spend for the two major events in 2014 and 2016. Since the last World Cup in Brazil in 1950, the country has seen extreme development. Now construction will be given yet another boom with hundreds of kilometers of new roads and road improvement, residential buildings and not least the event venues. Aditionally, around US$ 700m will be spend for improving electricity infrastructure and another US$ 500m on telecommunications.

Brazil is spending at least US$ 1bn in renovation and upgrading World Cup event venues. The finals will be held in Rio.

Rio, as the Host city of the Olympics 2016, has started construction already early in 2010. Accomodations of about 18.000 Athletes will be maximum 25 mins from all venues. The Olympic Village is being built on 75 hectares of land.

Both events together will generate about US$ 50 bn of spending in construction and other related industries over the next years until 2027

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