The upper house of the Paraguayan Congress, the senate, had passed a special bill for the Ypacaraí - Asunción Commuter Light Rail Line public-private partnership (PPP) project in Paraguay.

According to the bill, the US$1.6 billion project will be implemented by a consortium led by the Korea Overseas Infrastructure & Urban Development Corporation (KIND). The project involves the construction of a 43 km railway line eastwards between Asunción and the lakeside town of Ypacaraí, Paraguay. The line will be a double track for 15 km from Asuncion Central to Luque and then a single track for the remaining 28 km from Luque to Ipacarai. US$600 million is allocated for line construction and US$1 billion for operation and management.

The consortium will need four years to complete the project and will operate the line for 30 years. The contract is expected to be awarded during 2023.