The Traderszone Network

Published in TZ Latest News 29 January, 2016 by The TZ Newswire Staff

Cost of Rio’s 2016 Olympics rises by almost $100 million

The price tag for the 2016 Olympics in Rio de Janeiro has risen by 400 million reais ($99.3 million) since August mainly due to rising costs of supplying temporary power and seating at venues, the head of the group monitoring spending said on Friday. The spending on the Olympic stadiums stands in stark contrast to financial problems in Rio’s health system, where hospitals have been forced to close units and turn away patients as money runs out.

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