Mineirßo gets funding

Sport Business News

Brazil's National Development Bank, the BNDES, has approved R400m in financing to remodel and refit the Governador Magalháes Pinto soccer stadium, known as Mineiráo, which remains in contention to host the opening match of the 2014 FIFA World Cup in Brazil.

BNDES stated that the operation is within the scope of the BNDES ProCopa Arenas programme, with the funding to be used by the Minas Arena Gestáo de InstalaçÃÁes Esportivas, a Special Purpose Enterprise (SPE) comprising the engineering companies Construcap, Egesa and HAP. Beyond the ongoing renovation works the consortium will also manage the stadium for 27 years, in accordance with the Public and Private Partnership (PPP) framework established by the state government. The renovation project includes the surrounding esplanade, parking lot and footbridge connecting the smaller Mineirinho facility. Sustainable solutions were also incorporated, such as: rain water recycling, natural lighting as well as ventilation and reducing consumption and emissions of energy through geothermal cooling and bioethanol applications. Completion is estimated for December 2012, thus, in time to be eligible to host the Confederations Cup matches, in 2013. Located in Belo Horizonte, the home of the Brazilian mining industry, Mineiráo is Brazil's second largest stadium in capacity (65, 000) and average audience, and is the only arena in Brazil that hosts almost all the matches of two large soccer clubs, AtlÉtico Mineiro and Cruzeiro, which do not have their own stadium. Belo Horizonte is a focal point for Australian companies in Brazil, chiefly because of the mining industry, and is also home to a regional Austrade office, linked directly to Austrade Sao Paulo. The city's existing links with Australia and its ongoing World Cup preparations present a range of opportunities for Australian groups across a range of sectors including major event planning and services, urban mobility, sustainable development and tourism. About Simon TarmoA journalist from Sydney, Australia, and co–founder of industry journal Australian Sponsorship News, Simon Tarmo now lives in Belo Horizonte, Brazil. Having worked on a range of writing, research and trade projects across a number of industries including sport, entertainment and wine, he is currently focusing on business opportunities involving the 2014 World Cup and Rio 2016 in Brazil. With fluent Portuguese language skills, he has an extensive network of contacts throughout Brazil and can advise and assist foreign groups doing business in the country. More details http://simontarmo. blogspot. com/ ~ Simon Tarmo+55 31 9196 0069simon@pando. com. auhttp://simontarmo. blogspot. com/

Additional information