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
Dominican Republic asks CABEI Feasibility studies for Electric Train
The Dominican government was interested in replicating the development of the rail network for cargo and passengers between the cities of Santo Domingo and Santiago de los Caballeros.
Tegucigalpa, January 19, 2021.- The Central American Bank for Economic Integration (CABEI), received the request for technical cooperation to carry out the feasibility studies to determine the viability of the rail network for cargo and passengers from the Ministry of Finance of the Dominican Republic.
Within the framework of his recent visit to the country, the Executive President of CABEI, Dr. Dante Mossi, met with the Minister of Finance, José Manuel Vicente, to learn about the opportunities, operations and programs of CABEI that it is successfully developing throughout the region.
“Regionally, this project joins the initiative in which national works have already been identified in Costa Rica, Honduras, El Salvador and Guatemala. It seeks to contribute to the socioeconomic and inclusive development of the countries in the area, in addition to promoting solid and close economic cooperation between the parties”, indicated Dr. Mossi.
With this first step, CABEI plans to provide the studies that will determine the viability of a project that, among other benefits, expects to increase the levels of security in transportation, reduce travel times and the transformation to more environmentally sustainable systems.
