Rio de Janeiro celebrates winning the 2016 Olympic bid

Source: Agencies | October 3, 2009, Saturday |

Online Edition

COPACABANA beach was the site of the festivities in Brazil yesterday during the International Olympic Committee's revelation of who would be the host city for the 2016 Games.

An estimated 100,000 locals and tourists were on hand to celebrate the announcement that Rio de Janeiro won the right to host the world's largest stage of sporting events.

After three failed attempts, Brazil won the support of the international delegates and the International Olympic Committee. The announcement also marks the first time that any Olympic Games will be held in South America.

The costs of preparing for the event in 2016 are estimated at roughly US$12 billion. However, the event is expected to generate US$250 billion revenue.

Olympics

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Rio de Janeiro celebrates winning the 2016 Olympic bid

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