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Cost of Rio 2016 Olympics Expected to be Revealed on June 14

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Dancers rehearse before a welcoming ceremony for athletes at the Rio 2016 Olympic Village. Photo: AFP: Yasuyoshi Chiba

A report detailing the cost of the Rio 2016 Olympic and Paralympic Games is due to be published on June 14.

The date was revealed during a public hearing at the Federal Public Prosecutor’s Office of Rio de Janeiro, by the Governing Authority of the Olympic Legacy (AGLO).

The report was initially due to be released in February, with updates coming every six months after the Games.

However, the publication was delayed.

Rio 2016 had an initial operational budget of $2.8 billion, with communications director Mario Andrada telling insidethegames last month that he estimated around one percent remained.

It was revealed in April that Rio 2016 owe $28 million in outstanding payments to suppliers and third parties.

According to Brazilian newspaper O Globo, further work which was necessary to stage the Games will add $2.1 billion to the overall cost, as well as $7.5 billion in Government legacy projects.

These projects predominantly regard infrastructure improvements in the city.

O Globo claim the overall cost is likely to exceed $12 billion.

A plan for the future use of Olympic venues is also expected to be announced by the AGLO next month.

Rio organisers have this week asked Federal and Municipal Governments to help pay the outstanding $37.8 million debt from the Paralympic Games.

There has been some limited progress recently in the efforts to fulfill other parts of the Rio legacy.

Rio City Hall officially opened Carioca Arena 3, one of the venues used last year in the Olympic Park at Barra de Tijuca, to the Brazilian public earlier this month.

The venue staged taekwondo and fencing competitions at the Rio 2016 Olympics, before hosting judo and wheelchair fencing at the Paralympic Games.

Badminton, table tennis and trampolining are set to be among sports housed in the venue for public use.

Part of the Barra da Tijuca Olympic Park was opened to the public in January, with the Via Olímpica now used for skating rinks, multi-sport courts and a series of other sporting activities.

The Deodoro Olympic Park, the second largest concentration of competition venues during Rio 2016, was closed in January amid a failure to find a use for it.

The ball pops free during a rugby sevens match between USA and Australia at Deodoro Stadium in the Rio 2016 Summer Olympics. Photo: channelnewsasia.com

It was due to be used as a park and recreation area, as a major legacy for local people following the Games.

Prosecutor Leandro Mitidieri, presenting at the AGLO meeting, delivered a highly critical assessment of the Olympic legacy.

He claimed the city of Rio de Janeiro had failed to plan for the transfer of key venues, including the Olympic Velodrome, Tennis Centre and Carioca Arenas 1 and 2.

A public bidding process was reportedly set to take place, but Mitidieri claimed this had failed and venues were passed to the Brazilian Government without any plan.

“The Mayor then, due to various factors, passed it on to the Union,” he said, according to Agencia Brasil.

“It was not planned.

“The Union receives this without any structure prepared to act.”

Rio 2016 has also been embarrassed by several corruption scandals.

In April, it was alleged that former Rio de Janeiro Mayor Eduardo Paes had been named in a corruption scandal after it was alleged he received bribes from construction company Odebrecht, in connection with contracts for the Olympic and Paralympic Games.

According to Brazilian newspaper O Estado São Paulo, the company involved in the majority of the major construction projects at Rio 2016 paid Paes around $5.2 million for the “facilitation of Olympic-related contracts.”

A total of $3.5 million was transferred in Brazil, while the other $1.6 million was funneled through accounts abroad, it is alleged.

He is now the subject of an investigation.

Paes, who served as Mayor during Rio 2016 before his tenure came to an end on January 1 of this year, denies all wrongdoing.

By Michael Pavitt

Republished with permission from insidethegames.biz

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