Within the framework of the project “Downtown recreation, metropolitan public transport modernization and government offices”, the Paraguayan government, through its Ministry of Public Works and Communications (MOPC), is expected to tender the construction of five new public buildings for Executive Power ministries in an international public bid.
Works are expected to begin in 2017. Investment for the project was approved by Law Nº 5.133 in an approximate amount of seventy five million US Dollars (US$ 75.000.000). The objective is to rebuild and reconvert part of downtown Asuncion and its port area on the Paraguay River.
The project is expected to have cultural, social and urban impact in the Capital City, and will be financed by the Inter-American Development Bank (IADB).