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…
Otaviano Canuto, IMF: How Commodity-Dependent Are Latin American Economies?
The end of the upswing phase of the commodity price super-cycle, after its peak in 2011, has lowered economic growth
EY Argentina: Argentina Amends Promotional Tax System for Knowledge-Based Firms
With technology disrupting business models in various sectors of the global economy, Argentina has finally introduced tax incentives for knowledge-based
Europe’s Original Sin and the Dangers of Doing Good
Carlos Rangel, the Venezuelan diplomat and essayist, once pointedly remarked that western nations often send their failed politicians – the