Rio 2016 bid was driven by the wish to bring together the power of Olympic and Paralympic sports and the festive frame of mind of cariocas, with the purpose of bringing sustainable development to Brazil and to the Olympic and Paralympic Movements. For cariocas this development would be linked to the transformation of their city by the establishment of a new urban infrastructure, generation of new environmental, physical and social initiatives, new advantages and opportunities for all. Another reason was the possibility of encouraging Brazilian economy and tourism because of the Games, gaining for Brazil a new level of international recognition and enhancing its reputation as a thrilling place, where living, doing business and travelling is an excellent option. Additionally, the long term vision of the Brazilian Olympic Committee (BOC) and of its president Carlos Artur Nuzman has always included the possibility of hosting large events in Brazil as the best way to accelerate sport development in the country.
Rio de Janeiro was awarded the right to host 2016 Olympic and Paralympic Games by the 121st Session of the International Olympic Committee (IOC), the general assembly of this body, held in Copenhagen, Denmark, on October 2, 2009. Rio won the final round of voting by 66 votes against the 32 votes given to Madrid, the other finalist.
The result of all the rounds of voting was the following:
|Rounds of voting||1||2||3|
|Rio de Janeiro||26||46||66|
Phase I – Applicant City: R$ 9.106.905,02
|Revenue||Federal Government||State Government||TOTAL|
|Donations by individuals||TOTAL|
Phase II – Candidate City: R$ 80,995,946.63
|Revenue||Public funds||Private funds||GENERAL TOTAL|
|Federal government||47,402,531.75||Instituto EBX||13,000,000.00|
|State government||3,617,556.00||Eike Bastista||10,000,000.00|
|Municipal government||4,995,620.93||Bradesco S/A||3,500,000.00|
* TAM contributed with R$ 1,233,726.00 in the form of discounts in air tickets
NOTE: The residual balance was used to fund the first months of operation of Rio 2016 Organizing Committee