2016 Olympics May Cost US$700M More

By Jack Whibley, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Monday, August 5th marked three years to go until the first Olympic Games to be held in South America will arrive in the city of Rio. Construction works on the Olympics’ main venues is reported to be on schedule, however a US$700 million budget shortfall has cast some concerns over the three year to go milestone.

During the past weeks, three new venues located at the Olympic Park in Barra . . .

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