Brazil raises expected cost of WCup by 15 percent

Brazil raises expected cost of World Cup by 15 percent on cost overruns on stadiums, airports

Associated Press
Brazil raises expected cost of WCup by 15 percent
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Construction continues at the Maracana soccer stadium in Rio de Janeiro, Brazil, Thursday, Nov. 8, 2012. Brazil was granted permission by FIFA on Thursday to host the Confederations Cup with six venues including Rio de Janeiro, Salvador, Recife, Brasilia, Belo Horizonte and Fortaleza, as originally planned. FIFA had previously announced the six cities as hosts, but said Recife and Salvador would only be ratified if they showed significant improvement in their preparations. (AP Photo/Felipe Dana)

RIO DE JANEIRO (AP) -- Brazil says the estimated cost of public spending on stadiums, airports and other infrastructure for the 2014 World Cup has been revised upward by more than $1.7 billion.

The country's Audit Court says the current $13.28 billion price tag for the tournament, which will bring matches to 12 Brazilian cities, is up nearly 15 percent from the initial estimate of $11.58 billion.

In a statement, the court said the overrun was due to the higher-than-expected cost of airport renovations and stadium construction.

The statement noted that while work on stadiums is progressing at a "satisfactory" rate, work on airports is "moving at a slow pace."

This year, the Brazilian government clashed with FIFA about the slow pace of preparations for the tournament.

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