Costs For 2014 World Cup Up To $13B As Minister Reveals They Could Surpass $16B
The cost for organizing the 2014 World Cup "has already reached" R$26.5B ($13.3B), according to Macri & Itri of FOLHA DE S. PAULO. The sum is R$2.7B ($1.4B) more than what the original budget had indicated in Jan. '11. The federal government believes the cost will continue rising. Sports Minister Aldo Rebelo revealed that "the belief is that investments for the World Cup" will reach R$33B ($16.6B). From all the money that will be spent on the event, only R$3.8B ($1.9B) "will come from the private sector." Another R$14.9B ($7.5B) will come from the federal government through loans and direct investments. The last R$7.7B ($3.9B) will come from the individual states and host cities (FOLHA DE S. PAULO, 2/6).