Asuncion Riverfront Urban Resilience Project

The development objectives of Asuncion Riverfront Urban Resilience Project for Paraguay are to improve living conditions for targeted vulnerable households and to increase resilience in selected areas in the riverfront of Asunción. This project has four components. 1) The first component, Eco-Inclusive District, aims to finance the design and development of a low-carbon, climate resilient, inclusive, mixed-use riverfront neighborhood on municipal land. 2) The second component, Climate Resilient Public Spaces and Green Areas, has the following sub-components: (i) Historic Center; (ii) Parque Caballero; and (iii) Banco San Miguel. 3) The third component, Social Resilience, Local Economic Development, and Citizen Engagement, has the following sub-components: (i) Local economic development; and (ii) Participatory urban design and social management mechanism. 4) The fourth component, Institutional Capacity Building for Urban Resilience and Project Management, will finance (i) capacity building activities for national and municipal government institutions (including MOPC, MUVH and MCA) on territorial and environmental planning, including adaptation to climate change; (ii) the design of a public-private management model to guide future developments in the riverfront area; and (iii) carrying out project management activities performed by the Project Implementation Unit (PIU).