Arab Today, arab today two firms vying to operate brazilian world cup stage
Last Updated : GMT 13:45:51
Arab Today, arab today
Arab Today, arab today

Newly privatised Maracana complex up for grabs

Two firms vying to operate Brazilian World Cup stage

Arab Today, arab today

Arab Today, arab today Two firms vying to operate Brazilian World Cup stage

Rio’s Maracana stadium will host 83,000 people, making it the largest in Latin America
Rio de Janeiro - Arabstoday

Rio’s Maracana stadium will host 83,000 people, making it the largest in Latin America Two consortiums are competing for the 35-year operation of Rio's iconic Maracana stadium, the venue for the final of the 2014 World Cup, as well as the opening and closing ceremonies for the 2016 summer Olympics, officials said Thursday. Maracana S A and the Rio Sporting and Cultural Complex Consortium can take part in the bidding, at a date which has yet to be fixed, a state government spokesman told AFP.
Maracana S A is made up of Brazilian firms Odebrecht Participacoes, IMX Venues e Arenas owned by Brazilian billionaire Eike Batista and AEG Administracao de Estadios do Brasil Ltda.
Rio Sporting and Cultral Complex Consortium groups Brazilian OAS S/A, Dutch Stadion Amsterdam N V and French Lagardere Unlimited.
A total of 21 companies had taken part in technical visits of the stadium but only the two consortiums put in bids, the spokesman said.
The winner must invest $300m to upgrade the area around the arena and pay the state government $2.25m per year over 35 years.
But it can be guaranteed net profits of $715m over 35 years, according to a study made for the bidding process.
The renovation will convert Maracana into a multi-purpose arena featuring bars, restaurants and shops. It also involves the demolition of a former indigenous museum and some athletic facilities near the arena.
Since 2007, the Rio state government has invested $615m in Maracana, one of the world's great soccer arenas.
Built for the 1950 World Cup, it is undergoing extensive renovation at a cost of $430m to host four Confederations Cup matches in June as well as seven World Cup games next year, including the finals of both tournaments.
It was at Maracana that Brazil lost the 1950 World Cup to Uruguay before a stunned capacity crowd of 200,000.
When the temple of Brazilian football is fully upgraded, it will have a capacity of 83,000, making it the largest in Brazil and South America.
It is to be delivered to world's governing body FIFA on April 27, the last of the six host stadiums being readied for the Confederations Cup which takes place in June.
Thursday's bidding took place only hours after a local court rejected an appeal filed late Wednesday to block the process.
Court President Leila Mariano "rejected an appeal which had suspended the tender process for the rights to operate the Maracana complex," authorities said.
Prosecutors had denounced a "lack of fairness" in the terms offered to the bidders as Batista's IMX conducted a study that serves as a basis for the bidding.
The plan to privatise the Maracana complex and its surroundings has raised the ire of residents and indigenous people who were displaced in March from a historic area building where they have lived since 2006.
The former indigenous museum which had been slated for demolition was instead classed as a historical landmark.
Thursday, 300 people rallied outside the Rio state government building to protest the Maracana privatisation.
They waved banners proclaiming "Maracana is ours" or "Out with (Sergio) Cabral," the name of Rio state governor.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today two firms vying to operate brazilian world cup stage Arab Today, arab today two firms vying to operate brazilian world cup stage

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday