[WORLD CUP 2014] The price tag for Brazil's 2014 World Cup could top $40 billion. That's the estimate of a report released Wednesday on stadium and infrastructure spending projects planned by the 12 cities that will host the competition.

Globo's G1 Web site projected spending to reach $41.7 billion. The money will come from a combination of public and private forces.

Sao Paulo will be the big spender with plans to spend more than $19 billion.

Other cities hosting matches are the capital Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Salvador, Recife, Natal, Fortaleza, Manaus and Cuiaba.

One of the projects Brazil hopes to finish for the World Cup is its first high-speed rail project from Rio to Sao Paulo at a cost of $18 billion, 50 percent more than the government's previously estimated price.