Failed World Cup Projects Producing Rally for Marcopolo
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Brazil’s failure to upgrade its rail system in time for the 2014 World Cup is giving a boost to Marcopolo SA, the country’s biggest bus maker.
Plans to build integrated metro, light rail and bus systems are being scaled back in at least half of the 12 cities set to host games amid construction delays and cost overruns. Among them is Sao Paulo, where a 2.8 billion-real ($1.41 billion) monorail project was replaced with 318 million reais in road improvements.