Brazil's 2014 World Cup budget surpasses South Africa by 120%

12:20, February 18, 2010      

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Despite being more than four years away, the Brazilian Ministry of Sports announced on Wednesday that their estimates for spending on the 2014 World Cup will exceed 5.2 billion US dollars.

The work has yet to begin on the new stadiums and modernization of old ones, but the cost has already been divulged. The amount of money that Brazil intends on spending in their second World Cup stands at 120 percent the number that South Africa shelled out for the upcoming tournament.

Brazil plans on building some 59 works. Only 12 of those 59 are defined as stadium works. Including state, private and federal investments, Brazil's 2014 World Cup will see more than 10 billion US dollars before the first ball rolls on the field.

According to the Ministry of Sports, the numbers are likely to go up since the institution has not yet included the costs of security, technology and sports-related infrastructure.

In comparison to the South Africans, Brazil will have three additional stadiums and two additional host cities, both of which require a larger budget. South Africa will have nine stadiums and 10 host cities while Brazil will have 12 host cities and 12 stadiums.

Source: Xinhua
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