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 and Korea donate more than 816,000 masks to Honduras to confront COVID-19
Tegucigalpa, November 17, 2021. – In order to support actions to contain and prevent the spread of COVID-19 and to protect the personnel in the health sector in Honduras, the Central American Bank for Economic Integration (CABEI) and Korea, through the Korea-CABEI Single Donor Trust Fund (KTF), delivered 816,480 KF94 masks of Korean origin to the Ministry of Health on Wednesday.
CABEI Executive President, Dr. Dante Mossi, emphasized, "CABEI continues to work in different ways to mitigate the effects of the pandemic in our region, and today we are pleased to join the efforts of Honduran authorities to continue protecting the population in the face of the COVID-19 health emergency.
The supplies were delivered by the Chief Country Officer Andrea Kafati to the Secretary of State in the Office of Health, Alba Consuelo Flores, in the presence of the directors of the Republic of Korea and the Republic of Honduras at CABEI, Dongjoon Kim and Catherine Chang, respectively, and the Finance Manager and Secretary of the Korea Trust Fund (KTF), Danery Alvarado.
The total amount of the in-kind donation is equivalent to US$330,000 and comes from a US$3.0 million regional cooperation from the KTF for the benefit of nine CABEI member countries. The Bank will supervise the execution of this donation to ensure that it is carried out in accordance with internally established norms and procedures, and the Ministry of Health will be in charge of distributing the masks in the coming weeks.
