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SBD Global/January 28, 2014/Facilities

Report Says Construction Cost Of Brazil's World Cup Stadiums Has Tripled To $3.7B

São Paulo-based newspaper O Globo reported the cost of the 12 stadiums for the World Cup has reached approximately $3.7B, "a figure three times greater than the initial budget" presented in '07, according to the EFE. The budget for the stadiums that was "turned in to FIFA" in Oct. '07 indicated a cost of $1.1B, a budget that was then "considered 'well-prepared,' which did not create doubts about Brazil's agreement to host the tournament." The increased stadium costs and "accusations of corruption sparked massive protests during the Confederations Cup in June" (EFE, 1/27).
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