The International Information Center for Structural Engineers

Items filtered by date: Thursday, 17 April 2014

Brazilian officials unveiled their $10.76 billion legacy budget today for the 2016 Summer Olympics held in Rio de Janeiro. The money will be spent on projects relating to infrastructure, mobility, urbanization, and sports facilities either motivated or accelerated by the games but not directly related to holding the Summer Olympics. The budget is 25% higher than originally planned, but Rio Mayor Eduardo Paes attributes the increase to adding new projects and 6% inflation since 2009.  There have been mounting concerns over Rio’s level of preparedness for the summer games due to the slow rate of progress on construction projects, but the budget announcement is supposed to quell some of the fears about Brazil not being ready in time.