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20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% 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17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% GAP 441.57 ▼ 0.06% ASUR 308.43 ▼ 0.38% OMA 245.60 ▲ 0.65% KOF 186.96 ▲ 1.29% GRUMA 283.22 ▲ 0.17% KIMBER 38.85 ▲ 1.68% SQM-B 65,950 ▼ 1.64% COPEC 5,765 ▼ 0.64% BSANTANDER 75.00 ▲ 2.04% FALABELLA 5,911 ▲ 0.36% ENELAM 82.00 ▲ 0.60% CENCOSUD 2,127 ▲ 0.19% CMPC 1,040 — 0.00% BANCO CHILE 177.80 ▲ 0.11% LATAM AIR 26.97 ▲ 3.25% YPF 70,050 ▼ 0.99% GGAL 7,715 ▲ 1.45% PAMPA 4,973 ▲ 0.25% TXAR 682.50 ▲ 1.49% ALUAR 991.00 ▲ 0.10% TGS 9,225 ▲ 1.15% CEPU 2,274 ▲ 2.29% MIRGOR 16,075 ▲ 0.16% COME 41.38 ▲ 0.88% LOMA NEGRA 3,555 ▲ 0.21% BYMA 307.75 ▲ 2.16% TELECOM ARG 3,958 ▲ 0.19% ECOPETROL 14.72 ▲ 1.87% BANCOLOMBIA 79.27 ▲ 0.48% GRUPO AVAL 5.08 ▼ 0.39% CREDICORP 384.10 ▲ 0.97% SOUTHERN COPPER 171.26 ▼ 1.99% BUENAVENTURA 30.42 ▼ 0.85% MERCADOLIBRE 1,675 ▲ 3.45% NUBANK 13.17 ▲ 5.70% XP 16.13 ▲ 2.22% PAGSEGURO 9.07 ▲ 3.78% STONE 10.99 ▲ 1.85% GLOBANT 30.03 ▲ 8.29% TECNOGLASS 44.75 ▲ 1.54% GAP AIRPORT 252.48 ▲ 0.11% ASUR 308.43 ▼ 0.38% OMA AIRPORT 111.99 ▼ 0.02% AMX ADR 26.41 ▲ 0.42% FEMSA ADR 128.87 ▲ 2.79% CEMEX ADR 12.28 ▼ 0.81% PETROBRAS ADR 16.29 ▼ 1.39% VALE ADR 15.07 ▼ 0.33% ITAU ADR 8.23 ▲ 2.49% SANTANDER BR 5.20 ▲ 0.78% AMBEV ADR 3.23 ▲ 2.87% CSN 0.94 ▼ 1.91% GERDAU 4.15 ▲ 0.24% LATAM ADR 58.63 ▲ 3.03% BTC 60,046 ▲ 0.18% ETH 1,572 ▲ 0.02% SOL 70.66 ▲ 0.35% XRP 1.05 ▲ 0.07% BNB 556.18 ▼ 0.04% ADA 0.14 ▼ 0.21% DOGE 0.07 ▼ 0.70% AVAX 6.39 ▼ 0.55% LINK 7.28 ▼ 0.06% DOT 0.82 ▲ 0.26% LTC 42.23 ▲ 0.23% BCH 194.00 ▼ 0.70% TRX 0.32 ▲ 0.43% XLM 0.17 ▼ 0.71% HBAR 0.07 ▼ 0.31% NEAR 1.88 ▲ 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Work Starts on Rio’s Olympic Park

By · July 17, 2012 · 3 min read

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By Andrew Willis, Contributing Reporter
 
RIO DE JANEIRO, BRAZIL – With less than a fortnight before the starter pistol fires on London’s 2012 Olympic Games, across the Atlantic construction work has officially begun at what will be a key venue for the global sporting event in four years time. Officials gathered in Rio’s western neighborhood of Barra da Tijuca earlier this month (July 6th) to lay the foundation stone of the Olympic Park, a planned complex of sporting facilities that will host over half the events in 2016.

Carlos Arthur Nuzman, President of the Rio 2016 Olympic and Paralympic Committee, Rio de Janeiro, Brazil News
Carlos Arthur Nuzman, President of the Rio 2016 Olympic and Paralympic Committee, photo by FIESP/Flickr Creative Commons License.
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“Today is a historical day for Brazilian sport,” said Carlos Arthur Nuzman, President of the Rio 2016 Olympic and Paralympic Committee. “The Olympic Park is the heart of the Games, and after 2016 it will leave as a legacy the first Olympic Training Camp in South America.”
 
Standing on the shores of the Jacarepaguá Lagoon, the Olympic Park is set to occupy an area of 1.18 million square meters, hosting competitions in fourteen Olympic and nine Paralympic disciplines. The main facilities will cater for judo, basketball, tennis and wheelchair rugby, among other sports, with an additional temporary structure set to cater for water sports.
 
Much of the infrastructure work will be carried out by the Rio Mais consortium, a trio of construction companies (Norberto Odebrecht, Andrade Gutierrez and Carvalho Hosken). The consortium successfully won a Public-Private Partnership tender in March.
 
The construction works will include the building of a 400-room hotel, the main press center and three pavilions that will host the future Training Olympic Center (COT) for high-performance athletes. The consortium is also tasked with the maintenance of the area for a term of fifteen years, while additional construction works for the Games will be carried out by the Rio de Janeiro Municipality using federal funds.

The Jacarepagua racetrack where the Olympic Park will be built, Rio de Janeiro, Brazil News
The Jacarepagua racetrack where the Olympic Park will be built, photo by brazil.gov.

The Olympic Park will be located where the Jacarepaguá car racetrack – a former Formula 1 venue – currently stands. Officials say the gradual decommissioning of the racetrack will not affect the 2012 race calendar.  
 
In addition to the building of major sporting arenas, Rio de Janeiro’s successful bid for the 2016 Olympic Games includes a pledge to significantly improve the city’s transport infrastructure. Part of the load will be taken up by the planned Bus Rapid Transit (BRT) – a network of new bus corridors and articulated buses that will help to shuttle the public, athletes and media across the city.  

Construction work on one of four scheduled BRT lines – the Transolimpica between the Barra da Tijuca and Deodoro areas – also got underway earlier this month. Cutting across eight Rio regions, the Transolimpica is expected to decrease commuting time by roughly an hour.

Last month saw the inauguration of the Transoeste BRT line, helping to connect Barra da Tijuca to the western neighborhoods of Santa Cruz and Campo Grande. Barra da Tijuca residents are largely positive about the ongoing infrastructure works.

“People are really excited about the Olympics and proud that they will take place in our neighborhood,” says Dilan Omari, who lives in the area. “But at the same time, the increased traffic congestion is really frustrating.”

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