Brazil's World Cup rush fuels spending blowout
RIO DE JANEIRO |
"... Concerns are mounting that Brazil's push to speed up its preparations for the soccer tournament risks fueling corruption and an explosion in costs dwarfing other "mega-events."
Last year's World Cup cost South Africa about $4 billion but Brazil's official estimate already stands at about $13 billion, including transport projects, stadium construction and airport expansions, making it certain to be the most expensive in history.
President Dilma Rousseff spoke in March of 33 billion reais ($18 billion) in World Cup investments and some private estimates are already way higher, putting the final bill at an eye-popping $60 billion in one case -- bigger than neighboring Uruguay's annual economic output...
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