This paper presents a multicriteria model for a case study of public investment evaluation. This tool can be used for decision-making process to allocate the financial resources in environmental projects. Developed for Moravia's Hills in Medellín, Colombia, it permits to evaluate the different dimensions of sustainability. Results show that there is a 'very strong or demonstrated importance' of environmental dimension on financial dimension; financial dimension emphasizes durability; economic dimension prioritizes the generation of alternative business opportunities; for environmental dimension the priority are environmental risks; and in social contexts, culture and education prevail.
public investment, evaluation, analytic hierarchy process, stakeholders, Medellín.