Investments in the World Cup are among the brazilian federal government's priorities in 2012
The federal government is going to increase investments in 2012, expanding resources from the Growth Acceleration Programme (PAC) and social programmes, which will have a direct repercussion in the preparation of the 2014 FIFA World Cup. After a ministerial meeting at the Presidential Palace, in Brasilia, the Minister of Finance, Guido Mantega said that the control of expenditure will continue, but the instruction is to make investments “dynamic” to ensure the economy’s sustainable growth..
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The costs of the Rio de Janeiro Olympics almost Double in two years
The expenses incurred by infrastructure projects and sports installations for the Olympic Games to be held in Rio de Janeiro may reach as much as R$ 41.5 billion.
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Fairway to Rio
The ancient game of golf is on its way to the ultimate global forum: the Olympics. Next up: building a golf course worthy of the occasion. By the end of next week, after months of jockeying, a winner will be chosen in a world-wide competition to create the course that the world's elite golfers will play at the 2016 Games in Rio de Janeiro.
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The cover of the Maracanã will be built as from September 2012
The installation of the new cover of the Maracanã should get under way in September 2012, six months ahead of the time frame planned for the completion of the refurbishment work, which should take place on February 28th, 2013. According to the consortium responsible for the work, comprising the companies Odebrecht, Andrade Gutierrez and Delta, the structure will be installed within the space of six weeks.
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World Cup 2014 predicted to be big money-maker for Brazil
While there have been recent reports that Brazil is behind in preparing for the 2014 World Cup, the Brazilian government is predicting that the event will generate enormous revenue for the budding economy.
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FIFA World Cup Forecast To Add $70 Billion To Brazil's Economy
According to Brazil's Ministry of Sports calculations, the FIFA World Cup in 2014 is going to be a cash cow for the country.
The nation's economy is forecast to grow by at least $70 billion as a result of its hosting the World Cup, the Brazilian Ministry of Sports said July 6 in a statement. The figure is based on the country’s investments in private and public investment in infrastructure, heightened consumption, increased activity in the services sector and, of course, tax collection.
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Drainage around the Estádio das Dunas is appraised by the CEF
Budgeted at R$ 180 million, the drainage tunnel that should be constructed in the area where the Arena das Dunas, the Natal venue for the 2014 FIFA World Cup™, is to be constructed, should end the flood problem that is currently a cause for torment among the residents of Natal during the rainy seasons.
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