IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.43% USD/MXN17.44▲ 0.28% USD/CLP927.20▲ 0.13% USD/COP3,221▼ 1.19% USD/PEN3.39▲ 0.36% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.30▲ 0.09% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.01% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.43% BRENT 84.12 ▼ 0.98% WTI 78.14 ▼ 1.83% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.28% GOLD 3,993 ▼ 1.27% SILVER 56.10 ▼ 1.78% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.79 ▼ 3.20% PETR4 40.48 ▼ 0.27% VALE3 72.68 ▼ 2.46% ITUB4 42.54 ▼ 1.39% BBDC4 18.35 ▼ 1.34% ABEV3 15.70 ▲ 0.83% BBAS3 20.54 ▼ 0.05% B3SA3 15.35 ▼ 2.17% WEGE3 43.30 ▼ 2.17% PRIO3 57.49 ▼ 0.02% SUZB3 42.00 ▲ 1.25% RENT3 39.02 ▼ 3.30% AZZA3 18.64 ▼ 0.11% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.12 ▼ 0.18% CVCB3 1.37 ▲ 2.24% POSI3 3.90 ▼ 1.27% SLCE3 13.61 ▲ 0.81% NATU3 8.63 ▼ 0.46% BRKM5 6.19 ▼ 3.43% RANI3 8.03 ▲ 0.63% CSNA3 5.14 ▼ 1.91% CMIN3 5.45 ▲ 4.01% USIM5 8.04 ▼ 1.95% GGBR4 23.93 ▼ 1.12% ENEV3 26.00 ▼ 3.53% CPFE3 46.71 ▼ 0.26% CMIG4 11.01 ▼ 1.26% EQTL3 39.72 ▼ 1.51% LREN3 13.75 ▼ 2.48% VIVT3 35.61 ▲ 0.39% RAIL3 13.97 ▼ 0.71% KLABIN 17.47 ▲ 0.46% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.73 ▼ 0.78% HAPV3 10.92 ▼ 0.64% FLRY3 16.36 ▼ 0.91% SMTO3 15.76 ▲ 1.48% UGPA3 31.77 ▲ 2.15% VBBR3 34.48 ▲ 2.16% BBSE3 41.08 ▲ 0.91% BPAC11 56.26 ▼ 1.37% CURY3 31.46 ▼ 3.88% AERI3 2.03 ▲ 0.50% VIVARA 23.31 ▼ 0.89% COMPASS 24.80 ▼ 1.23% VAMOS 3.15 ▲ 0.96% SANB11 26.89 ▼ 0.41% ASAI3 8.45 ▼ 2.42% SBSP3 29.46 ▼ 1.73% WALMEX 49.34 ▼ 0.72% GMEXICO 200.05 ▼ 0.08% FEMSA 224.85 ▲ 0.71% CEMEX 22.82 ▲ 0.88% GFNORTE 179.80 ▼ 2.00% BIMBO 58.41 ▲ 1.55% TELEVISA 9.63 ▲ 0.73% AMX 22.90 ▲ 0.44% GAP 390.24 ▼ 1.72% ASUR 281.04 ▼ 0.85% OMA 231.74 ▼ 1.47% KOF 178.78 ▲ 1.03% GRUMA 285.58 ▲ 1.51% KIMBER 38.74 ▲ 0.21% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,925 ▼ 0.80% GGAL 7,955 ▼ 3.05% PAMPA 5,135 ▼ 2.00% TXAR 665.00 ▼ 0.89% ALUAR 945.00 ▼ 1.51% TGS 9,545 ▼ 2.10% CEPU 2,282 ▼ 2.65% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,623 ▲ 0.28% BYMA 298.25 ▼ 1.89% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.95 ▼ 0.19% BANCOLOMBIA 79.42 ▼ 2.62% GRUPO AVAL 5.00 ▼ 0.60% CREDICORP 389.02 ▼ 2.31% SOUTHERN COPPER 174.77 ▼ 3.73% BUENAVENTURA 30.05 ▼ 2.15% MERCADOLIBRE 1,848 ▲ 0.23% NUBANK 13.85 ▼ 0.25% XP 16.69 ▼ 1.10% PAGSEGURO 9.17 ▼ 0.49% STONE 11.23 ▼ 0.49% GLOBANT 33.16 ▲ 3.69% TECNOGLASS 47.11 ▲ 3.15% GAP AIRPORT 224.03 ▼ 1.66% ASUR 281.04 ▼ 0.85% OMA AIRPORT 106.50 ▼ 1.30% AMX ADR 26.22 ▲ 0.40% FEMSA ADR 129.05 ▲ 0.22% CEMEX ADR 13.10 ▲ 0.19% PETROBRAS ADR 17.66 ▼ 1.15% VALE ADR 14.19 ▼ 3.31% ITAU ADR 8.32 ▼ 1.60% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.06 ▲ 0.83% CSN 1.01 ▼ 1.94% GERDAU 4.71 ▼ 1.98% LATAM ADR 53.32 ▼ 2.82% BTC 64,168 ▼ 0.84% ETH 1,874 ▼ 2.25% SOL 75.75 ▼ 1.96% XRP 1.09 ▼ 1.79% BNB 575.51 ▼ 0.79% ADA 0.16 ▼ 1.57% DOGE 0.07 ▼ 0.78% AVAX 6.57 ▼ 1.88% LINK 8.39 ▼ 1.72% DOT 0.86 ▲ 1.01% LTC 45.23 ▲ 0.24% BCH 223.15 — 0.00% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 0.65% HBAR 0.07 ▼ 0.36% NEAR 2.04 ▼ 1.16% ATOM 1.53 ▼ 1.58% AAVE 92.42 ▼ 3.56% SELIC 14.25% EMBRAER 81.97 ▼ 0.46% INTER 5.51 ▼ 1.96% EGX 52,928 ▲ 0.70% USD/ZAR16.41▲ 0.51% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.38▲ 0.12% USD/CNY6.76▼ 0.11% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.22% GBP/USD1.35▲ 0.53% SPX 7,533 ▼ 0.52% DJI 52,493 ▼ 0.31% NDX 29,053 ▼ 1.52% RUT 2,970 ▼ 0.22% TSX 35,329 ▼ 0.25% VIX 16.53 ▲ 5.49% USD/CAD1.41▲ 0.08% US10Y 4.5610 ▲ 0.35% IBOV 174,014.45 ▼ 1.13% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,222,931 ▼ 2.08% COLCAP 2,267.96 ▼ 1.05% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.42% USD/MXN 17.42 ▲ 0.22% USD/CLP 927.20 ▲ 0.13% USD/COP 3,221 ▼ 1.19% USD/PEN 3.39 ▲ 0.36% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.30 ▲ 0.09% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.01% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.43% BRENT 84.12 ▼ 0.98% WTI 78.14 ▼ 1.83% IRON ORE 161.91 — — COPPER 6.31 ▲ 0.28% GOLD 3,993 ▼ 1.27% SILVER 56.10 ▼ 1.78% SOY 1,194 ▼ 0.71% CORN 463.50 ▲ 3.58% WHEAT 674.25 ▼ 0.48% COFFEE 313.95 ▼ 6.13% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.95 ▼ 2.81% COTTON 79.07 ▼ 1.85% COCOA 5,441 ▼ 5.16% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.79 ▼ 3.20% PETR4 40.48 ▼ 0.27% VALE3 72.68 ▼ 2.46% ITUB4 42.54 ▼ 1.39% BBDC4 18.35 ▼ 1.34% ABEV3 15.70 ▲ 0.83% BBAS3 20.54 ▼ 0.05% B3SA3 15.35 ▼ 2.17% WEGE3 43.30 ▼ 2.17% PRIO3 57.49 ▼ 0.02% SUZB3 42.00 ▲ 1.25% RENT3 39.02 ▼ 3.30% AZZA3 18.64 ▼ 0.11% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.67 ▲ 1.91% GMAT3 3.93 ▼ 1.26% PSSA3 55.12 ▼ 0.18% CVCB3 1.37 ▲ 2.24% POSI3 3.90 ▼ 1.27% SLCE3 13.61 ▲ 0.81% NATU3 8.63 ▼ 0.46% BRKM5 6.19 ▼ 3.43% RANI3 8.03 ▲ 0.63% CSNA3 5.14 ▼ 1.91% CMIN3 5.45 ▲ 4.01% USIM5 8.04 ▼ 1.95% GGBR4 23.93 ▼ 1.12% ENEV3 26.00 ▼ 3.53% CPFE3 46.71 ▼ 0.26% CMIG4 11.01 ▼ 1.26% EQTL3 39.72 ▼ 1.51% LREN3 13.75 ▼ 2.48% VIVT3 35.61 ▲ 0.39% RAIL3 13.97 ▼ 0.71% KLABIN 17.47 ▲ 0.46% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.73 ▼ 0.78% HAPV3 10.92 ▼ 0.64% FLRY3 16.36 ▼ 0.91% SMTO3 15.76 ▲ 1.48% UGPA3 31.77 ▲ 2.15% VBBR3 34.48 ▲ 2.16% BBSE3 41.08 ▲ 0.91% BPAC11 56.26 ▼ 1.37% CURY3 31.46 ▼ 3.88% AERI3 2.03 ▲ 0.50% VIVARA 23.31 ▼ 0.89% COMPASS 24.80 ▼ 1.23% VAMOS 3.15 ▲ 0.96% SANB11 26.89 ▼ 0.41% ASAI3 8.45 ▼ 2.42% SBSP3 29.46 ▼ 1.73% WALMEX 49.34 ▼ 0.72% GMEXICO 200.05 ▼ 0.08% FEMSA 224.85 ▲ 0.71% CEMEX 22.82 ▲ 0.88% GFNORTE 179.80 ▼ 2.00% BIMBO 58.41 ▲ 1.55% TELEVISA 9.63 ▲ 0.73% AMX 22.90 ▲ 0.44% GAP 390.24 ▼ 1.72% ASUR 281.04 ▼ 0.85% OMA 231.74 ▼ 1.47% KOF 178.78 ▲ 1.03% GRUMA 285.58 ▲ 1.51% KIMBER 38.74 ▲ 0.21% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,925 ▼ 0.80% GGAL 7,955 ▼ 3.05% PAMPA 5,135 ▼ 2.00% TXAR 665.00 ▼ 0.89% ALUAR 945.00 ▼ 1.51% TGS 9,545 ▼ 2.10% CEPU 2,282 ▼ 2.65% MIRGOR 16,700 ▼ 1.62% COME 44.91 ▼ 1.58% LOMA NEGRA 3,623 ▲ 0.28% BYMA 298.25 ▼ 1.89% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.95 ▼ 0.19% BANCOLOMBIA 79.42 ▼ 2.62% GRUPO AVAL 5.00 ▼ 0.60% CREDICORP 389.02 ▼ 2.31% SOUTHERN COPPER 174.77 ▼ 3.73% BUENAVENTURA 30.05 ▼ 2.15% MERCADOLIBRE 1,848 ▲ 0.23% NUBANK 13.85 ▼ 0.25% XP 16.69 ▼ 1.10% PAGSEGURO 9.17 ▼ 0.49% STONE 11.23 ▼ 0.49% GLOBANT 33.16 ▲ 3.69% TECNOGLASS 47.11 ▲ 3.15% GAP AIRPORT 224.03 ▼ 1.66% ASUR 281.04 ▼ 0.85% OMA AIRPORT 106.50 ▼ 1.30% AMX ADR 26.22 ▲ 0.40% FEMSA ADR 129.05 ▲ 0.22% CEMEX ADR 13.10 ▲ 0.19% PETROBRAS ADR 17.66 ▼ 1.15% VALE ADR 14.19 ▼ 3.31% ITAU ADR 8.32 ▼ 1.60% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.06 ▲ 0.83% CSN 1.01 ▼ 1.94% GERDAU 4.71 ▼ 1.98% LATAM ADR 53.32 ▼ 2.82% BTC 64,168 ▼ 0.84% ETH 1,874 ▼ 2.25% SOL 75.75 ▼ 1.96% XRP 1.09 ▼ 1.79% BNB 575.51 ▼ 0.79% ADA 0.16 ▼ 1.57% DOGE 0.07 ▼ 0.78% AVAX 6.57 ▼ 1.88% LINK 8.39 ▼ 1.72% DOT 0.86 ▲ 1.01% LTC 45.23 ▲ 0.24% BCH 223.15 — 0.00% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 0.65% HBAR 0.07 ▼ 0.36% NEAR 2.04 ▼ 1.16% ATOM 1.53 ▼ 1.58% AAVE 92.42 ▼ 3.56% SELIC 14.25% EMBRAER 81.97 ▼ 0.46% INTER 5.51 ▼ 1.96% EGX 52,928 ▲ 0.70% USD/ZAR 16.41 ▲ 0.77% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.39 ▲ 0.16% USD/CNY 6.7615 ▲ 0.05% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1439 ▼ 0.25% GBP/USD 1.3468 ▼ 0.51% SPX 7,533 ▼ 0.52% DJI 52,493 ▼ 0.31% NDX 29,053 ▼ 1.52% RUT 2,970 ▼ 0.22% TSX 35,329 ▼ 0.25% VIX 16.53 ▲ 5.49% USD/CAD 1.4053 ▲ 0.11% US10Y 4.5610 ▲ 0.35%
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2016 Olympics Life & Society

Rio Suggests Plan for Incomplete Metro During Olympics

By · February 20, 2016 · 3 min read

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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL – In December Rio signaled the need for an additional R$1 billion to complete the Line 4 Metro extension connecting Zona Sul (South Zone) to Barra da Tijuca in time for the Olympics in August. Now, yesterday (February 19th), Brazilian news outlet O Globo acquired an internal communication from Mayor Eduardo Paes suggesting an alternative to the promised metro subway being finished.

Metro Line 4, Olympic legacy, Rio de Janeiro, Brazil, Brazil News
The Metro Line 4 is one of the most important Olympic infrastructure legacy projects, photo Linha 4/Divulgação.
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Part of the original plan Rio de Janeiro proposed when bidding for the privilege to host the 2016 Olympics, was to spread events across four zones in the city: the Barra Zone, Copacabana Zone, Maracanã Zone, and Deodoro Zone. The Barra Zone, in Barra da Tijuca, will be the athletes’ home and the heart of the games with the Olympic Village there as well.

As Barra da Tijuca is a thirty minute drive from the rest of the city in the best traffic conditions, and can be a two hour trip in rush-hour, the metro extension was key infrastructure improvement promised. It is also perhaps the largest Olympic legacy for the city, intended to improve the commute for more than 300,000 people a day in Rio de Janeiro.

Now, O Globo reported that in an email sent on Friday morning to the International Olympic Committee (IOC), the mayor said there is a “high risk” of the Metro line 4 not being ready for the Olympics. In the message treated as a “strictly confidential,” Paes asks the IOC to consider the use of a contingency plan developed by the municipality, the establishment of a provisional system of BRT (Rapid Bus Transport).

The email from the mayor wrote, “In recent weeks, I’ve been trying to figure out what is really happening in the construction of Line 4 subway. Deadlines and schedules … I heard from some people that the project is a high level of risk. All I can say is that the information is not clear (…). The Municipal Secretary (Transport) Rafael Picciani already prepared an alternative, and I think we need to start studying it now and submit it to the assessment of the International Olympic Committee.”

The Jardim Oceânico Metro station in Barra da Tijuca, Rio de Janeiro, Brazil, Brazil News
The Jardim Oceânico Metro station in Barra da Tijuca, photo by Divulgação/Linha 4.

O Globo reports that the email was sent to Phillip Bovy, IOC chief consultant for transport, among others. In the message, Paes notes that Bovy will be in Rio on Monday and suggests an emergency meeting to understand what is happening. He adds: “We continue to work hard. I can assure you once again that all deliveries under municipal responsibility will be made.”

The Rio government’s contingency plan is a temporary expansion of the BRT to Zona Sul, with the implementation of exclusive lanes for buses. Instead taking a bus from the new Jardim Oceânico Metro station in Barra da Tijuca for the last leg of the journey to the Olympic Park, passengers would connect to the bus lanes from Praça Nossa Senhora da Paz in Ipanema, or the Jardim de Alah (on the border with Leblon).

Adaptations to the roadways are expected to cost R$7.4 million, including expenses for the construction of a 360 meter long platform to board a bus at Praça Nossa Senhora da Paz. A major challenge to this new plan will be for the municipality to procure a fleet of 115 articulated buses to connect the two points.

O Globo reported that Mayor Eduardo Paes and the governor, Luiz Fernando Pezão, chose not to give interviews on the subject. Through its press office, Paes said he would not discuss internal circulation of documents and that the work of the Metro Line 4 ‘follows on schedule, and is still scheduled for delivery in July’.

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