Skip to content
Subscriber Only

FIFA Accepts Corinthians Stadium Will Be Ready for World Cup

Sao Paulo’s chances of staging the opening ceremony of soccer’s 2014 World Cup improved after FIFA accepted a guarantee that SC Corinthians Paulista’s new stadium will be completed in time for the tournament.

The stadium, being built by Odebrecht SA, will cost 820 million reais ($522 million), Corinthians President Andres Sanchez told reporters yesterday in Sao Paulo. BNDES, the national development bank, pledged $400 million and the city of Sao Paulo will provide a property fund worth $400 million.