Summary of operations
Road Infrastructure: Financing for 148 kilometers of highways.
Energy: Financing for the generation of 80 megawatts of clean renewable energy.
Agro Sector: US$ 60 million for the strengthening of the agricultural sector with a sustainable technological approach.
A 228% increase in the amount estimated in the 2021-2026 country strategy, reaching US$ 1.8 billion. In the previous five-year period the disbursement amounted US$ 533.9 million.
PROJECTS
Coral Highway Project
It consisted of the construction of a 70-kilometer-long, 4-lane highway, for which financing of US$70.0 million was allocated.
Improvement and Expansion of the Eastern Road Corridor for road sections
San Pedro de Macorís-La Romana Section, La Romana Beltway Section and Eastern Tourist Boulevard Section, totaling 78 kilometers in length and representing the best road infrastructure in the country.
Palomino Hydroelectric Project
With a clean and renewable energy generation capacity of 80 megawatts, it is located in the Province of San Juan. For its execution, the Bank allocated financing for a total amount of US$ 130.0 million
Construction of a 50-kilometer gas pipeline in San Pedro de Macorís
Loan in favor of AES Dominicana for a total amount of US$54.00 million.
Montegrande Multipurpose Dam Project Phase III
With current financing of US$249.6 million
CABEI grants the DR US$500,000 in non-reimbursable cooperation to help those affected by Hurricane Fiona
Mérida, Yucantán, September 21st, 2022. The Central American Bank for Economic Integration (CABEI) approved US$500,000 in emergency and natural disaster aid to the Dominican Republic to help mitigate the negative effects caused by Hurricane Fiona, a natural phenomenon that caused losses and damage to the population and their livelihoods.
"We express our solidarity with the families affected by the heavy and constant rains caused by this climatic event. With this aid, CABEI seeks to collaborate with the authorities' efforts to mitigate the damage and contribute humanitarian assistance to the affected population," commented CABEI Executive President, Dr. Dante Mossi.
He also added that the region faces frequent climate crises that lead to disasters and emergencies, and the Bank will continue to support its member countries in taking measures for prevention, response, mitigation and recovery in order to guarantee the lives and safety of their citizens.
These resources will be executed by the Dominican Republic Government who will coordinate the activities contemplated as part of this donation, which could include: purchase of food, clean water and basic necessities, purchase of medicines, supplies for shelters, infrastructure repairs, among other needs required to address the emergency.
