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Rio 2016 costs continue to rise amid legacy challenge

Rio 2016 costs continue to rise amid legacy challenge

By: SportBusiness International team

Posted:
15 Jun 2017
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Brazil’s federal agency for Olympic legacy (AGLO) has said the cost of staging the 2016 summer Olympic and Paralympic Games in Rio de Janeiro has now risen to R$43.3bn (€11.68bn/$13.09bn), around R$14.5bn more than was originally projected.

The latest financial assessments of Rio 2016 were provided yesterday (Wednesday), offering another demonstration of how costs inflated from the target of around R$28.8bn that was outlined when Brazil won the right to stage the Games in 2009.

The Associated Press news agency said the cost for “sports-related venues” was R$7.23bn, with Games operations coming in at around R$9bn. Other Olympic-related costs include R$26.385bn for the likes of a subway line, a doping laboratory, a renovated port and the vast clean-up operation for the polluted Guanabara Bay.

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