Corruption to Blame for Some Brazil World Cup Cost Rises
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Corruption is partly to blame for Brazil’s World Cup stadiums ending up over budget and becoming some of the world’s most expensive soccer venues, a government official said.
The latest estimate for 12 new and refurbished stadiums shows costs of about 8 billion reais ($3.6 billion), 2.7 billion reais more than the first detailed estimate issued in 2010 and almost four times the amount Brazil told soccer’s governing body stadiums would cost in its 2007 hosting file.