RIO DE JANEIRO, Brazil (AFP) — Rio state authorities declared a “state of public calamity” Friday over a major budget crisis, in order to release emergency funds to finance the Olympic Games due to begin in August. The decree authorizes the state to “adopt all necessary emergency measures to ration essential public services in order for the Rio 2016 Olympic Games and Paralympic Games to take place.” “Any institutional instability would hurt the country’s image,” said […]
Tag: Rio
Brazil unveils $10 billion infrastructure budget for Rio Olympics
(Reuters) – Brazilian authorities unveiled an infrastructure budget of 24.1 billion reais ($10.76 billion) for the Rio 2016Olympic Games, 25 percent more than planned, as they try to reassure the world they can deliver facilities on time. The budget covers 27 projects in urban development and public transport, including 8 billion reais for a newly added fourth metro line for Rio, Brazil’s congested second largest city, where getting around town is an ordeal. Other initially envisaged […]
