Football's world governing body FIFA will offer 2014 world cup hosts The company a $100 million bounty as being the tournament's legacy fund to develop the activity in the country.
FIFA presented the durability report of the 2014 FIFA International Cup based on international standards in addition to the details of the $100 million Soccer Legacy Project Tuesday, reports Xinhua.
FIFA established the 2014 PAURA World Cup Legacy Fund that will help sustain the long-term impact around the world Cup in the country.
"FIFA is convinced of ensuring that the FIFA World Panes leaves a tangible legacy inside your host country, " Jerome Valcke, FIFA secretary general said using a press conference held here Tues.
According to the initial budget, an investment coming from all $60 million has been approved to produce infrastructure projects with a special aim for the 15 states that do not host Cup matches.
Another $15 million has been marked for young ones football development, $15 million to produce women's football, $four million to produce medical prevention and public health consideration, $four million for social and even community awareness projects and $two million for administrative and logistical costs.
FIFA will be in charge of start up funds, monitoring and control of the money, whilst Brazilian Football Association (CBF) 'll carry out the project proposals and even implementation tasks.
"We are convinced that life Cup Legacy Fund will be the best platform to spread the benefits of all of the 2014 edition.
Several key points will guide us: the months will be implemented in close effort with the CBF, we will share and even communicate the results in a transparent area and the use of the funds will be manipulated and audited in accordance with the relevant PAURA development regulations, " said Valcke.
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