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

The report evaluates the expansion of Parques del Río Norte in Medellín, Colombia, finding that the project generates a return of USD 1.67 for every dollar invested over 30 years. These benefits stem from reduced flood risk, improved air quality, and economic gains in property values and retail revenue. The document recommends investing in nature-based infrastructure (NBI) and ensuring continuous maintenance to combat urban heat islands, water pollution, and river erosion.

• An integrated cost-benefit analysis indicates that the Parques del Río Norte expansion will provide a return of USD 1.67 for every dollar invested over a 30-year period.
• The project's benefits include the mitigation of flood risk, improved environmental quality, increased property values and retail revenue, and better human health outcomes due to improved air quality and physical activity.
• The report recommends the use of nature-based infrastructure (NBI) along the river to reduce flood damages and suggests using Medellín as a scalable model for addressing urban challenges.

APA

Mateu,, N. N. G. B. (2024). Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia. International Institute for Sustainable Development. https://www.iisd.org/publications/report/savi-nbi-centre-medellin

Chicago

Mateu,, Nathalia Niño,Marco Guzzetti,Ronja Bechauf,Sebastian. Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia. International Institute for Sustainable Development, 2024. https://www.iisd.org/publications/report/savi-nbi-centre-medellin.

Wikipedia

{{cite report |last1=Mateu, |first1=Nathalia Niño,Marco Guzzetti,Ronja Bechauf,Sebastian |title=Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia |publisher=International Institute for Sustainable Development |date=8 April 2024 |url=https://www.iisd.org/publications/report/savi-nbi-centre-medellin |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{mateu2024sustainable, author = {Mateu,, Nathalia Niño,Marco Guzzetti,Ronja Bechauf,Sebastian}, title = {{Sustainable Asset Valuation of Parques del Río Norte in Medellín, Colombia}}, institution = {International Institute for Sustainable Development}, year = {2024}, month = apr, url = {https://www.iisd.org/publications/report/savi-nbi-centre-medellin}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }