IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.05% USD/MXN17.32▲ 0.07% USD/CLP 930.47 — 0.00% USD/COP3,151▼ 1.62% USD/PEN3.38▼ 0.33% USD/ARS1,485▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP57.78▼ 0.36% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.19% USD/TTD6.72— 0.00% EUR/BRL5.85▼ 0.27% BRENT 83.50 ▼ 7.35% WTI 79.68 ▼ 5.89% IRON ORE 161.91 — — COPPER 6.51 ▲ 1.19% GOLD 4,103 ▲ 1.34% SILVER 58.04 ▲ 0.78% SOY 1,181 ▲ 0.75% CORN 461.75 ▲ 4.76% WHEAT 640.00 ▲ 0.12% COFFEE 312.25 ▼ 5.98% SUGAR 14.88 ▲ 1.50% ORANGE JUICE 153.35 ▲ 5.03% COTTON 80.54 ▲ 0.05% COCOA 5,636 ▲ 4.43% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 62,679 ▼ 1.26% ETH 1,844 ▼ 2.05% SOL 72.52 ▼ 1.26% XRP 1.07 ▼ 1.76% BNB 586.47 ▼ 0.19% ADA 0.19 ▼ 1.24% DOGE 0.07 ▼ 1.80% AVAX 6.44 ▼ 1.55% LINK 8.20 ▼ 2.01% DOT 0.81 ▲ 0.91% LTC 44.17 ▼ 1.04% BCH 210.07 ▼ 1.15% TRX 0.33 ▲ 0.36% XLM 0.17 ▼ 1.36% HBAR 0.07 ▼ 1.67% NEAR 1.72 ▲ 0.08% ATOM 1.28 ▲ 1.27% AAVE 92.12 ▲ 0.13% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,023 ▼ 0.48% USD/ZAR16.48▼ 0.43% USD/NGN 1,364 — 0.00% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.92▼ 0.33% USD/CNY6.74▼ 0.16% DAX 26,009 ▲ 1.48% CAC 8,619 ▲ 1.29% FTSE 10,879 ▲ 0.10% MIB 52,641 ▲ 0.90% IBEX 19,941 ▲ 0.80% STOXX 652.32 ▲ 0.48% EUR/USD1.15▼ 0.13% GBP/USD1.35▼ 0.19% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 15.95 ▼ 0.25% USD/CAD1.40▲ 0.20% US10Y 4.7450 ▲ 1.76% IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL 5.07 ▼ 0.05% USD/MXN 17.32 ▲ 0.07% USD/CLP 930.47 — 0.00% USD/COP 3,151 ▼ 1.62% USD/PEN 3.38 ▼ 0.33% USD/ARS 1,485 ▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP 57.78 ▼ 0.36% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.56% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.85 ▼ 0.27% BRENT 83.50 ▼ 7.35% WTI 79.68 ▼ 5.89% IRON ORE 161.91 — — COPPER 6.51 ▲ 1.19% GOLD 4,103 ▲ 1.34% SILVER 58.04 ▲ 0.78% SOY 1,181 ▲ 0.75% CORN 461.75 ▲ 4.76% WHEAT 640.00 ▲ 0.12% COFFEE 312.25 ▼ 5.98% SUGAR 14.88 ▲ 1.50% ORANGE JUICE 153.35 ▲ 5.03% COTTON 80.54 ▲ 0.05% COCOA 5,636 ▲ 4.43% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 62,679 ▼ 1.26% ETH 1,844 ▼ 2.05% SOL 72.52 ▼ 1.26% XRP 1.07 ▼ 1.76% BNB 586.47 ▼ 0.19% ADA 0.19 ▼ 1.24% DOGE 0.07 ▼ 1.80% AVAX 6.44 ▼ 1.55% LINK 8.20 ▼ 2.01% DOT 0.81 ▲ 0.91% LTC 44.17 ▼ 1.04% BCH 210.07 ▼ 1.15% TRX 0.33 ▲ 0.36% XLM 0.17 ▼ 1.36% HBAR 0.07 ▼ 1.67% NEAR 1.72 ▲ 0.08% ATOM 1.28 ▲ 1.27% AAVE 92.12 ▲ 0.13% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% EGX 54,023 ▼ 0.48% USD/ZAR 16.48 ▼ 0.40% USD/NGN 1,364 — 0.00% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY 156.92 ▼ 0.31% USD/CNY 6.7405 ▼ 0.06% DAX 26,009 ▲ 1.48% CAC 8,619 ▲ 1.29% FTSE 10,879 ▲ 0.10% MIB 52,641 ▲ 0.90% IBEX 19,941 ▲ 0.80% STOXX 652.32 ▲ 0.48% EUR/USD 1.1529 ▲ 0.02% GBP/USD 1.3462 ▼ 0.19% SPX 7,490 ▲ 0.70% DJI 52,485 ▲ 0.53% NDX 28,274 ▲ 0.60% RUT 2,931 ▼ 0.50% TSX 35,226 ▼ 0.79% VIX 15.95 ▼ 0.25% USD/CAD 1.4035 ▲ 0.13% US10Y 4.7450 ▲ 1.76%
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Maracanã Stadium on Schedule, at R$1B Cost

By · May 24, 2011 · 3 min read

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By Robbie Blakeley, Contributing Sports Reporter

RIO DE JANEIRO, BRAZIL – While some World Cup host cities struggle to meet deadlines imposed by president Dilma Rousseff, Rio’s own Maracanã Stadium is right on schedule. But while the building and modernization work remains on track, the costs have accelerated by almost 40 percent in just eight months to almost R$1 billion.

Maracanã Stadium, Rio de Janeiro, brazil, News
Renovations on Rio's Maracana are close to the R$1 billion mark, photo by Peter Main/Wikimedia Creative Commons License
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Initially projected at R$705 million last year, it is now estimated the final bill will come to around R$957 million for the stadium that will host the 2014 World Cup final as constant additions and readjustments are made.

The completed soccer arena will include four new access passages, broadened to allow more people to exit the stadium at one time with the intention that it will take everyone just eight minutes to be back out on the street after a match.

If this proves to be the case, it will be a vast improvement; before, if the stadium was sold-out or close to full capacity, it could take up to half an hour for 80,000 fans to leave.

In contrast to the old stadium, where for some supporters the players looked like miniature dolls, the front rows of seats will be just twelve meters from the playing field. The updated project was presented last week in Brasilia to the Tribunal de Contas da União (TCU), who will analyses the updates in the next 45 days.

In total, the stadium will be able to hold 78,639 fans. To increase safety, there will also be 314 CCTV cameras and 360 television monitors. Despite costs escalating at such an alarming rate, Luiz Fernando Pezão, vice governor of Rio de Janeiro, guaranteed the R$1 billion mark would not be exceeded.

Maracanã Stadium, Rio de Janeiro, brazil, News
A projected view inside the new Maracana, photo by the LOC (Local Organizing Committee)

“The price will not surpass R$1 billion. We are still trying to lower it a little. We are negotiating with a lot of people on this quotation,” Pezão said. The deputy also guaranteed that all work would be finished by December 2012 while boldly claiming the Maracanã will be better than Wembley, London’s famous football stadium, at a fraction of the cost.

Jose Carlos Rocha, a Carioca, is delighted the Maracana will be modernized. “The Maracana will soon be one of the best stadiums in the world. Alongside the Bombonera (in Buenos Aires), the Camp Nou (in Barcelona) and Wembey, these are the four most famous stadiums and deserve to be recognized.”

For Cariocas and tourists alike, the Maracana is an icon of the city, just as much as Pao d’Acucar (Sugarloaf) and Cristo Redemptor (Christ the Redeemer). It is a shrine to world football, having already hosted one World Cup final previously; the infamous defeat Brazil suffered at the hands of Uruguay in 1950.

While Rio’s project remains on track, problems in other cities, especially Sao Paulo continue to rumble on. Having finalized plans for the construction of a new stadium, to be called the Fielzao and situated in the West Zone of the city, work will not start this week as planned. Corinthians, who will use the stadium after the World Cup, posted a message on their official website saying work would begin “soon”.

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