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
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Coral Highway Project
It consisted of the construction of a 70-kilometer-long, 4-lane highway, for which financing of US$70.0 million was allocated.
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Improvement and Expansion of the Eastern Road Corridor for road sections
San Pedro de Macorís-La Romana Section, La Romana Beltway Section and Eastern Tourist Boulevard Section, totaling 78 kilometers in length and representing the best road infrastructure in the country.
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Palomino Hydroelectric Project
With a clean and renewable energy generation capacity of 80 megawatts, it is located in the Province of San Juan. For its execution, the Bank allocated financing for a total amount of US$ 130.0 million
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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.
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Montegrande Multipurpose Dam Project Phase III
With current financing of US$249.6 million
CABEI approved a donation of one million dollars to Honduras and Nicaragua for humanitarian assistance in the wake of Hurricane Eta
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The non-reimbursable financial cooperation provided by the multilateral is for a total amount of US$500,000 for each country.
Tegucigalpa November 10th, 2020.- In solidarity and support to the Governments of Honduras and Nicaragua in the implementation of humanitarian actions resulting from the flooding and overflowing of rivers by the passage of Hurricane Eta, the Central American Bank for Economic Integration (CABEI), has granted each country a non-reimbursable financial cooperation for a total amount of U.S. $ 500,000.
CABEI's Executive President, Dr. Dante Mossi, explained that this cooperation reaffirms the Bank's commitment to the region's people. "For more than 60 years, CABEI has always supported its member countries during this type of emergency and situation and on this occasion it will not stop helping them," he said.
He also explained that this is a non-reimbursable financial cooperation for emergency assistance due to the effects caused by Hurricane Eta in the Republics of Nicaragua and Honduras. Each country will be designating an entity that will coordinate the correct implementation of the resources.
The resources of the cooperation carried out by CABEI may be used for purposes such as Purchase of food, drinking water and other primary use goods required by the affected people; purchase of medicines and medical care for the affected people; purchase of mattresses and other materials required in the shelters created to deal with the emergency; materials and labor for the construction or repair of houses, buildings, and other infrastructure affected during the emergency; purchase of inputs for the recovery of agricultural crops lost as a result of the emergency; purchase and application of substances and spraying equipment to eliminate pests; financing of campaigns and actions related to dealing with the emergency and the affected population.
The cooperation´s resources will be delivered in a single disbursement to the executing agencies designated by each country, which must submit a report to CABEI on the use of these resources and the results obtained no later than six months after the cooperation has been disbursed.
CABEI expresses to the Governments and the population of both member countries its feeling of deep solidarity in the wake of the passage of this phenomenon that has caused thousands of people to be affected, and at the same time, expresses its full readiness to collaborate in assisting the victims and to help mitigate the damage caused by this tragedy.