Note from BW of Brazil: The start of the 2014 World Cup is about six months away. But with the cooling of the Brazilian economy and other social ills (shortage of doctors, homicide, poverty, racial inequality), the investments into the event are something many Brazilians are concerned with. As these figures continue to climb, keep in mind that a report from about a year ago estimated that total costs for the 2014 World Cup would reach about R$33 billion (about US$14 billion) (1).
According to the same report, 85.5% of these costs would come from public money (city, state and federal governments). With this in mind, is there any wonder why the World Cup was one of the issues at the root of the huge protests last June? As a side note, I wonder if those “ostentation funk” singers would still think this is something worth “blinging” about. For a quick tour of all of the stadiums, a few of which are featured below, take a look at the Football 2014 WC website here.
Cost of stadiums for 2014 World Cup in Brazil exceeds the cost of previous Cups in South Africa and Germany combined
Courtesy of Zero Hora
Money spent on Brazilian stadiums would pay for the last two competitions. Estádio Mané Garrincha (Mané Garrincha Stadium, which hosted the opening of the 2013 Confederations Cup, was the most expensive.
Even with the completion of six of the 12 World Cup stadiums, spending on the works continue to increase. The latest revision of the value reached R$8 billion (or about US$3.36 billion), a figure that 285% higher than expected in October 2007, when Brazil was announced as the host of the next World Cup and the price of remodeling and construction was R$2.8 billion (US$1.18 billion).
With the new value, Brazil increased the difference in spending compared to the 2006 and 2010 World Cups – now the Brazilian stadiums cost twice as much. In South Africa, the total cost of the ten arenas was R$3.27 billion (US$1.37 billion). In Germany, 12 stadiums went for R$3.6 billion (US$1.51 billion.
Costs have increased recently in the Arena da Amazônia , the Arena da Baixada, in Maracanã (in Rio) and Mané Garrincha (Federal District). The revisions were responsible for an increase of almost R$1 billion (US$420 million). In April of this year, before adjustments, the Matriz de Responsabilidades pointed to expenses of R$7.031 (US$2.95 billion).
The increase in the account exists even in stadiums that are already completed, such as Maracanã and Mané Garrincha. In Rio, the government stated that the increase of R$59.7 million (US$25 million), released last week, is linked to the “price adjustment and monetary adjustments.” In May, the cost of the stadium had suffered a R$277 million (US$116 million) increase, surpassing the R$1 billion (US$420 million).
In Brasília, it was the same scenario. In the contract signed in 2010, the Mané Garrincha stadium was estimated at R$696 million (US$292.4 million). However, 19 additives were responsible for an increase of R$337 million (US$141.6 million). Moreover, the cost of coverage, seats, lawn and electronic scoreboard accounted for an additional R$193.1 million (US$81.1 million). Today, the stadium is priced at R$1.43 billion (US$600,000).
In both cases, the value tripled. In 2009, it was predicted that the Maracanã reform would cost R$400 million (US$168 million). Construction of the new Garrincha stadium was to cost R$520 million (US$218.5 million).
Two works in progress also had the values adjusted. In Curitiba, the increase of R$46 million (US$19.33 million) occurred due to the delay of a year in the timeline. The Arena da Baixada is estimated now at R$265 million (US$111.3 million). The Arena da Amazonia, in turn, increased from R$550 million (US$231 million) to R$605 million (US$254.2 million).
Below are the costs of each stadium:
Arena Corinthians (São Paulo, São Paulo): R$855 million (US$359.2 million)
Arena da Baixada (Curitiba, Paraná): R$265 million (US$111.34 million)
Arena da Amazonia (Manaus, Amazonas): R$605 million (US$254.18 million)
Arena das Dunas (Natal, Rio Grande do Norte): R$350 million (US$147 million)
Arena Pantanal (Cuiaba, Mato Grosso): R$519.4 million (US$218.2 million)
Arena Pernambuco (Recife, Pernambuco): R$529.5 million (US$222.5 million)
Beira-Rio (Porto Alegre, Rio Grande do Sul): R$330 million (US$138.6 million)
Castelão (Fortaleza, Ceará): R$623 million (US$261.7 million)
Fonte Nova (Salvador, Bahia): R$591.7 million (US$248.3)
Mané Garrincha (Brasília DF): R$1.43 billion (US$600 million)
Maracanã (Rio de Janeiro, Rio de Janeiro): R$1.19 billion (US500 million)
Mineirão (Belo Horizonte, Minas Gerais): R$695 million (US$292 million)
1. All currency conversion figures of Brazilian Reais to American Dollars throughout this article are based on today’s currency exchange rates that values one American Dollar at two Brazilian Reais and thirty six centavos (1USD = 2.36 BRL)