Brazil’s World Cup Host Cities Will Have Additional Funds for Investing in Tourist Infrastructure
Resources from the Ministry of Tourism will be used for implementing tourist information centres, as well as putting up street signs and accessibility related construction works.
Less than seven hundred days away from the beginning of the 2014 World Cup, the Brazil Ministry of Tourism announced a tourist focused capital reinforcement for the tournament’s host cities. R$ 110.6 million ($55 million) has been allocated for tourist infrastructure related construction works in the World Cup’s 12 host cities.
Another R$ 10 million ($5 million) in matching funds will be added to the investment, as financial matching for actions taken by state and municipal governments.
The resources will be allocated to projects for the implementation of Tourist Information Centres (CATs), putting up tourist signs and accessibility related construction works in the cities’ tourist sites. These three funding categories are part of the federal government’s preparation related commitments for the 2014 World Cup, which will be delivered by the ministry.
The resources were allocated in the following manner: Belo Horizonte (R$ 5.62 million), Brasilia (R$ 3.49 million), Cuiabá (R$ 3.31 million), Curitiba (R$ 8.57 million), Fortaleza (R$ 17.43 million), Manaus (R$ 1.84 million), Natal (R$ 17.58 million), Porto Alegre (R$ 11.29 million), Recife (R$ 14.97 million), Rio de Janeiro (R$ 17.92 million), Salvador (R$ 7.69 million) and Sao Paulo (R$ 896 thousand).
The resources announced for host cities are part of the total of R$ 323.7 million ($160 million) committed by the Ministry of Tourism for tourist infrastructure related construction works in the whole country.
Source: Ministry of Tourism and the World Cup Portal
You may have an interest in also reading…
Trade Balance of Developing and Developed Countries Continues to Converge, UNCTAD Statistics Show
UNCTAD Handbook of Statistics 2014 shows that developing and transition economies run large trade surpluses for merchandise and services trade.
Otaviano Canuto, IMF: Whither Emerging Markets Foreign Exchange Reserves
After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have
DEG: Germany Eyes Future Markets Beyond the BRICS
In the light of weak economic activity, growth forecasts for the major emerging nations in 2013 and 2014 are being