Brazil Judge Cancels Rio-Maracanã Concession Agreement

According to Justice Marcello Alvarenga Leite, the concession agreement between Rio de Janeiro State and Consórtio Maracanã SA regarding the operation of Maracanã Stadium was 'harmful' to the state.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - On Wednesday, September 12th, Rio Justice Marcello Alvarenga Leite from the Public Treasury Court canceled the 2013 public-private concession agreement between the state of Rio de Janeiro and Consórtio Maracanã, SA, which had granted the consortium the right to operate the famed stadium for 35 years.

"The bidding process showed illegalities”, said Justice Leite, who pointed out that the bidding process was tainted because Maracanã SA, a private consortium made up of construction company Subscribe to our Premium Membership Plan. Already Subscribed?