The International Information Center for Structural Engineers

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.

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  • Date occured Thursday, 17 April 2014

The 2014 Winter Olympics will begin on February 7th in Sochi, Russia.  The resort town of Sochi is located over 1,600 kilometers from Moscow along the Black Sea.  Sochi had very little infrastructure when the city’s bid to host the Olympics beat out Salzburg, Austria and Pyeongchang, South Korea in 2007.  In the seven years since Sochi won its Olympics bid, workers have erected 25,000 new hotel rooms, built 225 miles of road, drilled 22 new tunnels in the surrounding mountains, built four new stadiums and more.  These Olympics will be the most expensive in history with current cost estimates exceeding $50 billion.  In addition to the original $10 billion investment by the Russian government, the original financing plan called for non-budget sources to contribute $2.6 billion to tourist infrastructure, $500 million for Olympic venues, $270 million for transportation infrastructure, and $100 million for power infrastructure.  The actual cost to complete each of these items is much higher than the original estimates and many are claiming corruption plays a large role in the increased spending.

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  • Date occured Friday, 07 February 2014