Climate Resilient Infrastructure for Urban Flood Risk Management Project

The development objective of the Climate Resilient Infrastructure for Urban Flood Risk Management Project for Argentina is to reduce flood risk in selected cities and improve integrated urban flood risk management in Argentina, and act effectively in case of an eligible crisis or emergency. The project comprises of four components. The first component, climate resilient infrastructure for flood risk mitigation and adaptation in critical cities will support technical design and implementation of structural interventions to improve people’s resilience to flood risks, arising from the effects of climate change. It consists of following sub-components: (i) evidence-based flood risk mitigation measures; and (ii) innovative, integral, and multipurpose flood risk mitigation interventions. The second component, capacity building and vulnerability reduction will support capacity building of local, provincial, and national institutions to improve climate-resilient flood risk management. The third component, project management will provide support to the Project Executing Agency (PEA) for the administration, monitoring, coordination, and supervision of project activities, including environmental and social management aspects, independent audits, and other related activities. The fourth component, contingent emergency response component (CERC) is included in the project to allow for rapid reallocation of uncommitted loan funds in the event of an eligible emergency.