by Cathy Brown via expatdailynewssouthamerica.com
If there was any doubt that Brazil is on a roll—economically, politically, and diplomatically—that doubt was dispelled when they won the rights to both the 2016 Summer Olympics to be held in Rio and the 2014 World Cup.
Rio de Janeiro, a bustling city of over 6 million people, has budgeted $14.4 billion to prepare just for the Olympic Games alone. It is going to need every penny to build infrastructure that is currently lacking in the mecca of sun, siesta, samba, and soccer.
As gorgeous as the city is, surrounded by ocean, tropical rainforest, and the picturesque Sugar Loaf mountain, its infrastructure went downhill after the capital moved to Brasilia from Rio in 1960. Not many new roads or tunnels have been built in the past 20 years. Rio has dozens of three- to five-star hotels that each year receive hundreds of thousands of tourists for the world-famous Carnaval festivities, but many more will be needed. It is also pouring money into public transportation, subways, water, sewer, and electricity in addition to revamping and constructing new sports venues.
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