IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL5.12▲ 0.63% USD/MXN17.45▼ 0.18% USD/CLP939.74▼ 0.97% USD/COP3,193▼ 0.75% USD/PEN3.40▼ 0.06% USD/ARS 1,497 — 0.00% USD/UYU40.15▲ 0.03% USD/PYG6,020▼ 0.02% USD/BOB11.32▲ 1.25% USD/DOP58.07▲ 0.14% USD/CRC449.99▲ 0.18% USD/GTQ7.62▼ 0.09% USD/HNL26.75▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES740.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.01% USD/TTD6.75▲ 0.59% EUR/BRL5.82▲ 0.57% BRENT 87.75 ▼ 9.33% WTI 81.88 ▼ 8.32% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.89% GOLD 4,068 ▲ 0.01% SILVER 58.46 ▼ 0.33% SOY 1,215 ▼ 2.66% CORN 476.00 ▲ 2.53% WHEAT 660.75 ▼ 2.54% COFFEE 323.05 ▲ 2.95% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.85 ▲ 2.93% COCOA 5,156 ▼ 4.09% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 0.90% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,597 ▼ 2.67% ETH 1,882 ▼ 3.66% SOL 73.87 ▼ 3.57% XRP 1.06 ▼ 4.43% BNB 565.50 ▼ 1.57% ADA 0.16 ▼ 5.92% DOGE 0.07 ▼ 4.18% AVAX 6.43 ▼ 4.52% LINK 8.35 ▼ 5.29% DOT 0.76 ▼ 8.24% LTC 46.00 ▼ 3.75% BCH 212.05 ▼ 2.20% TRX 0.32 ▼ 2.45% XLM 0.17 ▼ 5.81% HBAR 0.07 ▼ 2.98% NEAR 1.69 ▼ 8.16% ATOM 1.30 ▼ 6.97% AAVE 98.14 ▼ 3.32% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL 5.12 ▲ 0.63% USD/MXN 17.45 ▼ 0.18% USD/CLP 939.74 ▼ 0.97% USD/COP 3,193 ▼ 0.75% USD/PEN 3.40 ▼ 0.06% USD/ARS 1,497 — 0.00% USD/UYU 40.15 ▲ 0.03% USD/PYG 6,020 ▼ 0.02% USD/BOB 11.32 ▲ 1.25% USD/DOP 58.07 ▲ 0.14% USD/CRC 449.99 ▲ 0.18% USD/GTQ 7.62 ▼ 0.09% USD/HNL 26.75 ▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES 740.37 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.21% USD/TTD 6.75 ▲ 1.28% EUR/BRL 5.82 ▲ 0.57% BRENT 87.75 ▼ 9.33% WTI 81.88 ▼ 8.32% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.89% GOLD 4,068 ▲ 0.01% SILVER 58.46 ▼ 0.33% SOY 1,215 ▼ 2.66% CORN 476.00 ▲ 2.53% WHEAT 660.75 ▼ 2.54% COFFEE 323.05 ▲ 2.95% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.85 ▲ 2.93% COCOA 5,156 ▼ 4.09% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 0.90% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,597 ▼ 2.67% ETH 1,882 ▼ 3.66% SOL 73.87 ▼ 3.57% XRP 1.06 ▼ 4.43% BNB 565.50 ▼ 1.57% ADA 0.16 ▼ 5.92% DOGE 0.07 ▼ 4.18% AVAX 6.43 ▼ 4.52% LINK 8.35 ▼ 5.29% DOT 0.76 ▼ 8.24% LTC 46.00 ▼ 3.75% BCH 212.05 ▼ 2.20% TRX 0.32 ▼ 2.45% XLM 0.17 ▼ 5.81% HBAR 0.07 ▼ 2.98% NEAR 1.69 ▼ 8.16% ATOM 1.30 ▼ 6.97% AAVE 98.14 ▼ 3.32% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10%
since 2009
Tuesday, July 28, 2026

Life & Society Local Politics

Complexo da Penha to Receive R$580 Million

By · October 2, 2012 · 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 Andrew Willis, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Complexo da Penha in Rio de Janeiro’s Zona Norte (North Zone) is set to receive investments worth R$580 million (US$290 million) under the Brazilian government’s second Accelerated Growth Program (PAC 2). The infrastructure projects will include housing, a sports center, a library, school and daycare center according to the state press agency.

Igreja de Nossa Senhora da Penha de França, overlooks Favela Vila Cruzeiro in Complexo da Penha, Rio de Janeiro, Brazil News
Igreja de Nossa Senhora da Penha de França, the Church of Penha, overlooks Favela Vila Cruzeiro in Complexo da Penha, image recreation.
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 →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The Empresa de Obras Públicas do Rio de Janeiro (Emop) launched the bidding process last week, within which companies will compete for the urbanization and housing contracts in the pacified communities that make up the complex of favelas.

Building is scheduled to start in the second half of 2013, although Rio’s state government stressed in a press release that preparatory works for the infrastructure projects had started as early as 2010.

Roughly 80,000 inhabitants live in the area whose central focus point is the Igreja de Nossa Senhora da Penha de França, a church perched on a large rock. Formerly under the control of drug gangs, Complexo da Penha received its first Police Pacification Unit (UPP) in June as part of the government’s pacification program.

According to the coordinator of PAC 2, Ruth Jurberg, projects will be developed in accordance with an analysis of social needs, carried out by the Rio state government in 2010. The analysis she says, included discussions with local residents.

The complexes of Lins and Jacarezinho are also set to receive major investments Jurberg said. Jacarezinho will receive 2,240 housing units, as well as the revitalization of squares and roads. The works are set to cost R$380 million and will take place in 2013.

Complexo do Penha received UPP stations in June of this year, Rio de Janeiro, Brazil News
Complexo do Penha received UPP stations in June of this year, photo by Marcelo Horn/Imprensa RJ.

“We are going to build apartments, and the proposal also aims to bring public lighting and a revitalization of leisure facilities to the community,” Jurberg said.

The government’s PAC and PAC 2 programs have not been without their critics. Launched in 2007 under the second term of former president Luiz Inácio Lula da Silva, the programs are designed to tackle long-overdue infrastructure issues in Brazil, as well as prepare for the upcoming 2014 World Cup and 2016 Olympics.

However the programs have been dogged by slow progress and accusations of corruption. Commenting on the results of the first PAC program, a 2010 report by Contas Avertas, a non-governmental organization that monitors the transparency of governmental programs, said only five percent of the projected housing projects had been completed.

Since then the NGO has noted that the half-dozen construction companies that tend to dominate PAC bidding are also major donors to Brazil’s political parties. More recently, civil police launched an investigation this September after residents of PAC-funded apartments in Rio’s Complexo do Alemão illegally sold the dwellings.

However the Accelerated Growth Programs have accounted for a number of hefty infrastructure developments, including a new cable car network in Rio’s Complexo Alemao. Inaugurated last year, the cable car has greatly facilitated movement in and out of the large complex, says Rosângela Maria dos Santos, an NGO worker with Community in Action.

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.