Arena Pernambuco, Recife, Brazil

FIFA announced last week that Arena Pernambuco, a new 46,154 capacity stadium under construction in the city of Recife, Brazil, will host five games at the 2014 World Cup – four group stage games and one round of 16 matchup.

Recife is located in the northeast of Brazil, the fourth largest metropolitan area in the country. It’s the capital city of the state of Pernambuco, and hence the stadium’s name.

The anticipated cost of the stadium, designed by Brazilian architect Daniel Fernandes, is around $300 million, and is part of a larger development project that also includes restaurants, shops, cinemas and 6,000 parking spaces in an area about 12 miles from Recife’s waterfront downtown.

Rising construction costs and delays led to a recent FIFA inspection, and Recife was one of two cities out of six selected for the 2013 FIFA Confederations Cup given “conditional” status for the competition, pending completion of work that has been slow-paced until recent months. In response, the governor of Pernambuco, Eduardo Campos, “guaranteed”the stadium’s completion in time for the Confederations Cup – one that won’t be helped by ongoing labor disputes at the construction site.

Brazilian company Odebrecht is responsible for the stadium’s construction, along with the remodeling of the Maracanã Stadium and reconstruction of Fonte Nova Stadium in Salvador amongst its work on the 2014 World Cup venues. Funding is coming jointly from Odebrecht and the Pernambuco state government.

Once complete, the stadium will be managed by AEG, the first of two inroads into Brazil via the World Cup for the giant American company. It will then become the home of Clube Náutico Capibaribe.

Here’s a time lapse video of the work on the stadium’s construction up to mid-August this year sbobet stadium

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