Building work on Maracana Football Stadium, Rio de Janeiro
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Rio: We can fund the 2016 Olympics ourselves

Rio de Janeiro is facing a massive challenge with a hefty price tag preparing for the 2016 Olympics, two years after it is due to host the football World Cup.

But the head of the Brazilian city's Olympic company says there is no need for foreign money, despite previous plans to raise funds by issuing Olympics bonds internationally.

Heather Sharp reports.

  • 22 Sep 2011