How much will the 2014 World Cup cost?

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As critics voice growing concerns for the state of the preparation for the Brazil 2014 World Cup, spending keeps increasing in an country already divided by social inequalities.

Many complain of  extravagant spending on the stadiums and the eviction of thousands of poor residents.

According to Sports minister Aldo Rebelo, the benefits for Brazil justify the drawbacks.“This is our huge and necessary opportunity to upgrade our engineering skills on construction and our telecommunications technology, as well as to put Brazil back on the map,” he has said.  Adding that “this is our huge and necessary opportunity to upgrade our engineering skills on construction and our telecommunications technology, as well as to put Brazil back on the map,” he has said.

On the other hand, Brazilian authorities  cite the estimated 3.4 million tourists expected to visit Brazil during the six-week tournament, which will bring not only exposure, but significant revenues.

Yet many critics say that Brazil should be spending its money on social projects, not multimillion-dollar facilities.

Brazil’s decision to use some of the priciest cutting-edge technology available for the 12 stadiums that will host the World Cup. Currently the bill for building or renovating those facilities has been put at $4 billion, up from the original estimate of $3 billion.

 

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