Posts Tagged ‘FIFA world cup’

Brazil Announces $880 Billion Infrastructure Plan

April 1, 2010

Brazil has announced big, big plans to build $880 billion-worth of infrastructure between 2010 and 2016.

The projects are part of an economic stimulus program whose first phase is half-completed, President Luiz Inacio Lula da Silva announced Monday.

The new plan, named the ‘Growth Acceleration Program 2’ or PAC 2, places importance on increasing the country’s energy production capacity, construction of homes and necessary improvements for hosting the 2014 football World Cup and the 2016 Summer Olympics in Rio de Janeiro.

“PAC 1 and PAC 2 are a commitment by the Brazilian state to the redemption of this country. Whoever arrives in the presidency will not be able to tear it up and do something else,” Lula said while rejecting the opposition’s allegations that the announcement only hides the electoral motives of the ruling party.

The president, however, said bureaucratic red tape has been delaying the PAC projects, which ‘cannot stop’ and must begin ‘as soon as possible.’

The new programs include construction of two million homes, which will contribute to reducing the country’s housing deficit by half, and a high-speed rail service between Rio and Sao Paulo.

Visit RentinRio.com to plan your stay in Rio de Janeiro

Advertisements

New Report Provides Positive Analysis of Brazil’s Tourism Industry

March 26, 2010

Brazil Tourism Report Q2 2010 – New Market Report Published

This quarter’s tourism report has shown that Brazil’s tourism industry has already benefited greatly from the announcement of several high profile events planned to be held in the country. The 2014 FIFA World Cup is set to be a huge draw for visitors and the addition of the 2016 Olympics in Rio de Janeiro will further boost the industry. In January 2010, the government said it would invest 1 million Brazilian reals to improve facilities throughout the country before of the World Cup. 

Inbound visitor numbers had been growing but the industry could benefit from greater stability. While arrivals rose from 4.7 million in 2001 to 7.2 million (about a 65% increase) in 2008, the report estimates a fall in that number in 2009 because of the impact on developed countries of the global financial crisis. The recovery should be relatively quick, with a forecasted increase of tourist arrivals of 9.2 million by 2014.

The number of Brazilians looking to travel within their own country and that can afford to do so is growing. According to Instituto Brasileiro de Turismo (Embratur) president Jeanine Pires, the revenue generated by tourism in 2008 was nearly 17% higher than in 2007, which was the best year on record. 

Sector growth appears to be building up momentum as the global economy recovers. Brazilian airline Gol Transportes Aéreos reported an increase in year-on-year (y-o-y) growth for January 2010. Compared with January 2009, Gol’s revenues were up by 32.1%. 

In the hotel sector news has been positive too, with French corporation Accor planning to add nearly 5,000 rooms in Brazil with an investment of about EUR200mn. This will be achieved through expansion of their 20 Formule 1 and Ibis hotels in Brazil throughout 2010.

Renovations are a positive area for investment in Brazil’s tourism infrastructure. A lack of infrastructure has held the sector back to date but this looks set to change as investment increases over the coming years.

View the report here.

To rent long and short term vacation apartments in Rio, visit RentinRio.com.

Brazilian bank BNDES funds 2014 World Cup Stadiums

October 29, 2009

Brasil 2014On Wednesday Brazilian development bank BNDES announced that it would provide nearly $3 billion for improvements to venues for the World Cup.

The announcement contradicts a bid promise which said private funds would only be used for stadium redevelopment as well as pledges that the bank would only fund infrastructure development for the event.

Each stadium would be allocated a maximum of $230 million. According to reports, not one of the 12 venues meets FIFA’s standards for a World Cup.

The Maracana Stadium, likely the 2014 final venue, will undergo a major upgrade next year and many other stadiums are being rebuilt virtually from scratch. New grounds will be constructed in Recife and Natal.

BNDES yesterday approved a similar amount of money for infrastructure redevelopments around the venues.

The president of the Brazilian Football Confederation Ricardo Teixeira says the venues aren’t the only sites needing upgrades for the World Cup and that the country’ airports also require major upgrades. Redevelopment of the airports is scheduled to take place from 2011 to 2013.

Rentals and hotels are already being booked for the upcoming World Cup and Olympics. The government is hoping for the major influx of tourism to change the face of a beautiful city with a rich culture, yet also marked by a dark side of violence. Brazilian politicians promise an eradication of the drug cartels which run the slums in time to host these popular global events.

Olympics and FIFA World Cup Breathe New Life into Rio’s Downtown Airport

October 9, 2009

Rio AirportThe decision of the IOC to host the 2016 Olympics in Rio de Janeiro has reinvigorated Rio’s status as the global face of Brazil. The city is neither the country’s capital (that would be Brasilia) nor its busiest airport (that would be Sao Paulo). Since 2003, traffic at Rio’s two airports, Galeao and Dantos Dumont, has grown from 10 million passengers to over 14 million. Until last year the downtown Santos Dumont airport was restricted to serving primarily just one route, Sao Paulo Congonhas. When permission was given for other ‘regional’ destinations to be served from downtown last year, airlines Azul and Webjet became present at the airport and passenger numbers rose over 30 percent.

Last year Galeao handled 2.2 million international passengers while Sao Paulo’s Guarulhos handled four times as many. According to OAG data for September Galeao has direct non-stop flights to just 14 international destinations, including five in Europe and four in North America. Now British Airways service to Galeao is non-stop (it used to stop in Sao Paulo until a year ago). TAM’s JFK service began last November while Continental’s Houston service began this August (having also previously stopped in Sao Paulo). In early December US Airways will begin daily non-stop flights from its Charlotte hub using a 767. A total of just 18 airlines currently serve Galeao, with US Airways making it 19 later this year.

With the incoming traffic expected to occur due to the FIFA World Cup in 2014 and the Olympics in 2016, it seems that Rio’s Galeao will finally live up to its potential to increase both domestic and international travel.