IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 0.05% USD/MXN16.92▲ 0.04% USD/CLP914.28— 0.00% USD/COP3,044▲ 0.21% USD/PEN3.35▼ 0.10% USD/ARS1,499▼ 0.03% USD/UYU40.20▲ 1.52% USD/PYG5,996▲ 1.39% USD/BOB11.43▲ 0.51% USD/DOP58.82▲ 0.19% USD/CRC450.05▲ 1.95% USD/GTQ7.62▲ 2.13% USD/HNL26.81▲ 1.55% USD/NIO36.62— 0.00% USD/VES782.70▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.82% EUR/BRL6.00▼ 1.09% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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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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