Green, Resilient and Inclusive Regeneration of the Central Area of Porto Alegre

The development objective of the Green, Resilient, and Inclusive Regeneration of the Central Area of Porto Alegre Project for Brazil is to support an inclusive and sustainable regeneration of the Municipality of Porto Alegre’s urban core through integrated investments to improve accessibility, livability, and promote other positive externalities. The project comprises of three components. The first component, implementation of integrated green, climate resilient, and inclusive investments in the urban core will finance a series of climate-informed upgrades to public spaces to increase green areas, reduce car use, and attract local economic development to the urban core. It consists of following sub-components: (i) supporting green, resilient, and inclusive infrastructure; and (ii) providing technical assistance and carrying out institutional strengthening activities. The second component, implementation of investments to expand the social and economic inclusion of selected disadvantaged and vulnerable groups and individuals is dedicated to the social and economic inclusion of selected disadvantaged and vulnerable groups and individuals that are present in the intervention area and can be adversely affected (on a permanent or temporary basis) by the project. The third component, project management aims at providing implementation support to the project management and Implementation Unit (PMU) and Project Executing Units (PEUs) regarding the technical, environmental, social, fiduciary, supervision, monitoring and evaluation (M and E), and communications requirements of the project, as applicable, including training and operating costs.