Brazil Approve Creation of Olympic Public Authority

The creation of the Olympic Public Authority has been given formal approval by Brazil’s Senate to coordinate Government preparations for the 2016 Olympic Games in Rio de Janeiro.

The bill was approved last week by the lower house Chamber of Deputies and has now been approved formally, to create the Olympic body, by a 46-13 vote.

The former president of Brazil’s Central Bank, Henrique Meirelles is set to be put in charge of Autoridade Pública Olímpica (PDB) – Olympics Public Authority.

The PDB was the idea of former President Luiz Inacio Lula da Silva and is modelled on the Olympic Delivery Authority (ODA) set-up by London after it won its bid to host the 2012 Olympics and Paralympics.

When it is fully up and running it is expected to employ up to 500 people. Representatives from the federal, state and city Governments will make up the agency, which is expected to have a budget of around US$18bn.

The agency, whose creation was agreed upon with the International Olympic Committee, will be responsible for coordinating investments, mostly in infrastructure, planned for the Olympic Games that will take place in Rio for 2016.