How much did it cost to host the 2016 Rio Olympics?
In more recent years, the 2016 Olympics in Rio de Janeiro cost just under $14 billion which represented a 352% cost overrun while the 2012 Games in London had a bill of just under $15 billion, 76% overbudget.
How much money has the Brazilian government allotted to the 2016 Olympics?
For the Olympics in Rio, the Brazilian government has allocated $9.7 billion from both public and private sectors, which is 16 times more than the allocation for Aedes prevention. The Olympic costs include event administration and sports facilities, but excludes public infrastructure not directly related to the game.
How much does it cost to host the Olympics?
Local organizers have disputed that total — though they admitted in December 2019 that costs had risen to $12.6 billion. But competing estimates from a national audit board and national newspapers contend it could be nearly $30 billion.
How much money did Brazil spend on the Olympics?
The final tally for Brazil, the first South American country to host the Olympics, exceeded $20 billion, with the city of Rio alone shouldering at least $13 billion.
How much did Rio spend on Olympics?
Rio’s Olympics cost $13.5 billion, according to the government’s accounting watchdog and using a 2016 exchange rate. A study by Oxford scholars published in September found average sports-related hosting costs are $12 billion, with non-sports costs typically several times more.
How much did the 2008 Beijing Olympics cost?
The 2008 Beijing Olympics, usually listed as costing more than $40 billion, and the 2014 Sochi Winter Olympics — priced at $51 billion — are often singled out incorrectly as the most expensive.
How did Brazil fund the Olympics?
According to the AP report, the Rio Olympics cost $13 billion, paid for with a mix of public and private money. The major expenses included: building the venues, a new subway line, a doping laboratory, a renovated port, and a cleanup of Guanabara Bay.
How much did 2020 Olympics cost?
What else could that buy? TOKYO (AP) — The official price tag for the Tokyo Olympics in $15.4 billion, which a University of Oxford study says is the most expensive on record.