Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia

Sustainable asset valuation

Known as the "City of Eternal Spring" due to its temperate climate, the City of Medellín in Colombia has been looking for solutions to help restore its green space. Climate change and rapid urbanization has resulted in a negatively impacted ecosystem.

The expansion of the Parques del Río Norte is a project that aims to restore green urban green space alongside the river in order to address and mitigate these issues.

This report presents the results of an integrated cost-benefit analysis for which the multiple environmental, social and economic benefits of the park are quantified. It also highlights key recommendations, including investing in nature-based infrastructure (NBI) along the river to mitigate flood damages, ensuring continuous maintenance of the park for optimal benefits.

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