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Will Rio de Janeiro have money to get the Olympic Games ready?

Filed under: Uncategorized — emitaliablog
Posted on May 6, 2010 @ 2:06 pm
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City of Rio de Janeiro as well as State of Rio de Janeiro have  historically raked the entire oil revenue, which per recent more findings of oil beneath the ocean floor just offshore promised to provide for a steady supply of much needed funds to prepare the Olympic venues and all the necessary transportation improvements.

Recent bill introduced by the government may, however, jeopardizes some of these projects, if not more. The bill calls for the oil revenues to be shared by all Brazil states equally. Cutting of the pie seems justified as traditionally much of the investment either happened in Rio or Sao Paulo and the rest of Brazil had to content with the shorter end of the stick.

The south of Brazil has been always the more civilized and developed whereas the rest of Brazil has been  the periphery stricken with poverty. Brazil history is full of accounts of migrations of the poor from the west, the north and northeast in quest of jobs in Rio and Sao Paulo.

The oil revenue was to assure that Rio as host of the Olympic Games 2016 will be prepared to show the world that South America deserves to host the games from here on more often. But if the bill will be carried out as intended, Rio will get as little as only 20% of what it expected to keep on flowing into their coffers. The shortage of funds could seriously affect not only the construction projects designated for the games but also lessen Rio’s ability to combat the crime.

The favelas, slums, for which Rio is equally as famous for as for its beaches may thus continue looming on the hillsides without significant improvements in their infrastructure. Given the recent rains and landslides that struck the favelas with destruction and loss of life, the image of the slums getting nowhere better by the time the Olympic Games would be scheduled to begin is thus a serious concern.

And to think that the Olympic opening ceremony too could be but a diluted show on account of no money no doubt scares Brazil’s Olympic games committee.

It must be said the worries may be premature as most of the oil is still below the surface but Rio de Janeiro official are already taking of financial collapse.




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