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UKTI: £30bn must be spent in Rio

UK Trade and Investment (UKTI) has urged British firms to involve themselve in schemes to build the £30bn of infrastructure needed for the 2016 Olympic Games in Rio de Janeiro.

Its report, released this week, suggests there could be up to 80 new projects and over £30bn of investment in Brazil in preparation for the country to host the 2014 FIFA World Cup and Rio De Janeiro hosting the 2016 Olympic and Paralympic games.

The report highlights what infrastructure is needed for the two events, including the construction and modernisation of twelve stadiums, the expansion and modernisation of airports across the country and the improvement and expansion of urban transport systems around the country.

Author of the report, Faith Quigley, said: “The know-how and expertise of UK companies makes our firms well-placed to take advantage of these opportunities”.

UKTI chief executive Sir Andrew Cahn added that: “Brazil can seem a daunting prospect for new exporters, but for those willing to invest some time there are huge potential rewards to be had.”

Readers' comments (3)

  • Hi Wendall,

    Not sure if you have this information from others, I feel sure that their has to be work that HSI can get involed in.

    Regards
    ken

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  • What's the competition like in Brazil?

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  • Another question, that quote of 30bn, was that calculated on UK consultants rates or Brazilian consultants rates. Let's say spending commences in 2010, that's 5bn a year. Wow. Well needed turn over in this current recession. Although all of that won't be had by UK consultants.

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