Is Rio self-sufficient for 2016 Games?
China Daily | Updated: 2011-10-05 08:09
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(Left-right) Rio Mayor Eduardo Paes, Governor of the State of Rio de Janeiro Sergio Cabral, Rio de Janeiro 2016 President Carlos Nuzman, Brazilian President Luiz Inacio Lula da Silva, Brazilian Minister of Sport Orlando Silva and Secretary General of the Rio 2016 Bid Comittee Carlos Roberto Osorio pose after Rio de Janiero was announced as the winning bid for the 2016 Olympic Games on Oct 2, 2009, in Copenhagen. Pierre-Philippe Marcou / Agence France-Presse |
RIO DE JANEIRO - Rio de Janeiro does not need foreign funding to stage the 2016 Games after abandoning plans to launch "Olympic bonds" worth $2 billion to help finance infrastructure projects, the city's new Olympics czar said on Wednesday.
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