www.psam.uk.com FEATURE
VENUES IN BRAZIL
Itaipava Arena illuminated (above), the outer facade (inset) and in detail (below).
and its legacy to the country. According to Sport Minister Aldo Rebelo, nearly all of the projects were already included in Brazil’s Growth Acceleration Program (PAC). Rebelo says: “This means that they are strategically important to Brazil and that they would be carried out regardless of whether the country receives the World Cup. These projects are geared toward urban mobility, ports and airports in an effort to expand and modernize infrastructure in Brazil’s metropolitan regions for the benefi t of the population. There are also investments to develop tourism and business services.”
The federal government is playing a part in stadium construction, through fi nancing from the National Bank for Social and Economic Development (BNDES), to build and refurbish the venues, with a maximum limit of R$ 400 million per project. The loan was made with all the usual guarantees of such an operation in any sector of the Brazilian economy, including for projects that serve to drive development and generate employment and income. 24,500 jobs have been created via the six stadiums for the 2013
Confederations Cup and R$ 100 million in new business has been generated for Brazilian micro and small companies that are the principal employers of those involved in construction work and services generated by the World Cup.
The World Cup is expected to input R$ 112 billion to the Brazilian economy from 2010 to 2014. For each Real invested by the public sector, an estimated R$ 3.4 will be invested by the private sector for infrastructure projects.
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