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Brazil: Consortium will remain in Maracana deal

Consortium signed up to run Brazil's Maracana stadium won't pull out of deal, executive says

Brazil: Consortium will remain in Maracana deal

RIO DE JANEIRO (AP) -- A top executive in a consortium that signed up to manage Rio de Janeiro's legendary Maracana soccer stadium for 35 years says the group doesn't intend to pull out despite the government's changes to the deal.

State Gov. Sergio Cabral had offered the consortium 20 days to drop out after he changed the terms this month. Under pressure from protesters, Cabral said he would save an aquatic center and other facilities at the site that were supposed to be razed to make way for a shopping center and parking lot.

In an interview Wednesday with the newspaper O Globo, the director of the construction firm Odebrecht said the consortium is studying other ways to make the deal financially viable. Denio Cidreira's firm is one of three companies in the consortium.


Updated : 2021-05-09 07:51 GMT+08:00