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Report: World Cup Stadiums 50 Percent Over Budget

  • AFP, Friday, December 5, 2014 4:04 PM

Reuters reports that the 12 stadiums used in last summer’s World Cup in Brazil cost 50 percent more than planned, and only six of the promised 35 public transportation projects were finished on time, according to Brazil’s Federal Accounts Court. In sum, Brazil’s World Cup stadiums cost $3.26 billion, compared to the $2.16 billion that was projected. The most expensive stadium was the redevelopment of the National Stadium in Brasilia at a cost of $540 million, nearly twice its original estimate and three times the cost of some completely rebuilt arenas.

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