IBOV 175,739 ▼ 1.20% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.11▼ 0.55% USD/MXN17.48▼ 0.31% USD/CLP928.68▼ 0.45% USD/COP3,237▼ 0.78% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.84▲ 0.25% BRENT 86.23 ▲ 3.52% WTI 79.78 ▲ 2.10% IRON ORE 161.91 — — COPPER 6.36 ▲ 2.10% GOLD 4,035 ▲ 0.96% SILVER 58.25 ▲ 1.06% SOY 1,187 ▼ 1.23% CORN 457.25 ▲ 4.45% WHEAT 630.75 ▲ 0.60% COFFEE 334.60 ▼ 1.99% SUGAR 14.69 ▼ 0.41% ORANGE JUICE 140.35 ▼ 1.54% COTTON 82.00 ▲ 2.72% COCOA 5,730 ▲ 0.60% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,456 ▲ 1.96% ETH 1,821 ▲ 2.66% SOL 76.09 ▲ 1.64% XRP 1.08 ▲ 1.53% BNB 575.10 ▲ 1.49% ADA 0.16 ▲ 2.27% DOGE 0.07 ▲ 1.56% AVAX 6.50 ▲ 0.87% LINK 8.06 ▲ 2.34% DOT 0.84 ▲ 0.77% LTC 44.06 ▲ 1.31% BCH 239.82 ▲ 1.52% TRX 0.33 ▲ 0.43% XLM 0.18 ▲ 1.78% HBAR 0.07 ▲ 0.42% NEAR 2.03 ▲ 5.86% ATOM 1.54 ▲ 0.52% AAVE 97.76 ▲ 3.60% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,299 ▼ 0.59% USD/ZAR16.40▼ 0.47% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY161.91▼ 0.33% USD/CNY6.77▼ 0.20% DAX 24,893 ▼ 0.88% CAC 8,300 ▼ 0.77% FTSE 10,459 ▼ 0.38% MIB 52,589 ▼ 0.42% IBEX 19,164 ▼ 0.89% STOXX 637.67 ▼ 0.52% EUR/USD1.15▲ 0.59% GBP/USD1.34▲ 0.31% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.51 ▲ 2.04% USD/CAD1.41▼ 0.43% US10Y 4.6090 — 0.00% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.07 ▼ 1.25% USD/MXN 17.41 ▼ 0.66% USD/CLP 924.35 ▼ 0.92% USD/COP 3,237 ▼ 0.78% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.82 ▲ 0.01% BRENT 86.23 ▲ 3.52% WTI 79.78 ▲ 2.10% IRON ORE 161.91 — — COPPER 6.36 ▲ 2.10% GOLD 4,035 ▲ 0.96% SILVER 58.25 ▲ 1.06% SOY 1,187 ▼ 1.23% CORN 457.25 ▲ 4.45% WHEAT 630.75 ▲ 0.60% COFFEE 334.60 ▼ 1.99% SUGAR 14.69 ▼ 0.41% ORANGE JUICE 140.35 ▼ 1.54% COTTON 82.00 ▲ 2.72% COCOA 5,730 ▲ 0.60% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,456 ▲ 1.96% ETH 1,821 ▲ 2.66% SOL 76.09 ▲ 1.64% XRP 1.08 ▲ 1.53% BNB 575.10 ▲ 1.49% ADA 0.16 ▲ 2.27% DOGE 0.07 ▲ 1.56% AVAX 6.50 ▲ 0.87% LINK 8.06 ▲ 2.34% DOT 0.84 ▲ 0.77% LTC 44.06 ▲ 1.31% BCH 239.82 ▲ 1.52% TRX 0.33 ▲ 0.43% XLM 0.18 ▲ 1.78% HBAR 0.07 ▲ 0.42% NEAR 2.03 ▲ 5.86% ATOM 1.54 ▲ 0.52% AAVE 97.76 ▲ 3.60% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,299 ▼ 0.59% USD/ZAR 16.43 ▼ 0.18% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 161.75 ▼ 0.42% USD/CNY 6.7669 ▼ 0.06% DAX 24,893 ▼ 0.88% CAC 8,300 ▼ 0.77% FTSE 10,459 ▼ 0.38% MIB 52,589 ▼ 0.42% IBEX 19,164 ▼ 0.89% STOXX 637.67 ▼ 0.52% EUR/USD 1.1450 ▲ 0.55% GBP/USD 1.3429 ▲ 0.60% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.51 ▲ 2.04% USD/CAD 1.4076 ▼ 0.54% US10Y 4.6090 — 0.00%
since 2009
Tuesday, July 14, 2026

Life & Society Politics - Brazil

Project Porto Maravilha Unveiled

By · July 6, 2010 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Oliver Bazely, Contributing Reporter

RIO DE JANEIRO – On June 18th the Porto Maravilha (Wonderful Port) project took a step nearer completion, as the city council sanctioned a bill introducing tax relief on municipal developments in the port district. The move was the latest in a series of bills aimed at clearing the way for the major urban regeneration plan, expected to be finished in time for the 2016 Olympics.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
An impression of the new port development destined to transform the Mauá area of Rio, photo by Porto Maravilha/Prefeitura.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The project aims to redevelop large areas of the port district for residential and commercial purpose, including the landmark Pier Mauá, which will become the focal point of a major new leisure complex.

The plan encompasses the Santo Cristo, Gamboa and Saúde neighborhoods, as well as parts of São Cristóvão, Centro and Cidade Nova. Historically, these districts have been integral to Rio’s development, witnessing the birth of both choro and samba music, as well as construction of the city’s first skyscraper.

Nowadays, the port region is more dilapidated, although its facilities still serve the many thousands of cruise passengers that dock in the city each year. It has been suggested that one reason for the port’s decline is the effective isolation caused by the ‘Perimitral’ raised highway, and accordingly, there are proposals to demolish part of this structure in the future.

The redevelopment of the port district has been tabled for over 30 years, but bureaucratic impasses and financial constraints have prevented the project from ever getting off the ground. By working together in recent years, the Federal, State and Municipal Governments are finally seeing their plans come to fruition.

The port's warehouses as they look today, photo by Jorge Andrade/Creative Commons License.

The first phase of the project includes the renewal of the Praça Mauá and the Mauá Pier, in addition to the renewal of one million square meters of existing infrastructure, and potentially the development of a further five million. Phase One will also see pavements, parks and squares renovated, as well as the planting of trees and the restoration of native mangrove species.

To attract visitors to the district, the city is also planning to build an aquarium, an art gallery and the futuristic ‘Museum of Tomorrow’. The recent pacification of Morro da Provodência, and the establishment of a Police Pacification Unit were also carried out under the “Porto Maravilha” banner.

The ambitions of Phase Two of the project are more wide-reaching, designed to raise the standard of living for current residents of the port district. Aims include the installation of new sewage networks, in addition to improvements in water, electricity, telephone and piped gas infrastructure, and traffic flow in the district will also be completely reorganized as tunnels, on-ramps, bike lanes and bus stops are constructed. An expansion of the existing Mount Provodência rail tunnel to include road traffic will further improve the current traffic situation.

When developing the project, planners looked to both Barcelona and Buenos Aires for inspiration. The 1992 Barcelona Olympics are well known to have sparked a major phase of urban regeneration in the city, which has left a positive and lasting legacy. Barcelona has since become one the most popular tourist destinations in Europe, and amidst predictions in increase visitors to South America, Rio is no-doubt hoping to reinforce its international profile.

Correction: August 5, 2010
This article was first published on July 6th with the wrong spelling of “Porto Maravilha”.

Live Company IntelligencePorto — the full investor dossierInside: live share price, peer benchmarks and the latest Rio Times coverage on the company.
Rio Times · Live Ticker Intelligence
Porto
PSSA3 · B3 São Paulo
Share price · live
R$54.04
▼ -1.69% today
Peers & comparators
BBSE3
▼ -0.17%
SANB11
▼ -0.91%
B3SA3 · B3
▼ -1.95%
Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.