Rio Begins Work on Massive Port Renovation

The $4.8 billion renovation is aiming to remake the port into the city's most modern neighborhood.

"The action will completely revamp an area of five million square meters and is the most ambitious of a series of projects.

The port area, which includes walking distance of downtown Rio, used to be one of city's most important regions.

However, since the main docks were moved decades ago to another spot of the Guanabara Bay, the region entered a sharp decaying process, as it happened in several other port cities worldwide."