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
For much of the 20th century, IBM—known affectionately as “Big Blue”—was synonymous with computing. Its…
With world-class universities, a vibrant startup ecosystem and renewed strategic investment, the United Kingdom has…
In the late 1990s, Apple was teetering on the brink of collapse. A decade later,…
Vaping is big business, and few companies have seen the spectacular growth — and subsequent…
Portobello Capital has cemented its position as the leading mid-market private equity firm in Spain,…
Gold is the age-old standard that once underpinned our modern currencies; what value does it…