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 approves cooperation for feasibility and design studies for Port Haina in the Dominican Republic
• Resources of US$1.6 million will be used to prepare technical studies for sanitation and road infrastructure.
Santo Domingo, June 23, 2021.- The Central American Bank for Economic Integration (CABEI) approved technical cooperation in the amount of US$1.6 million to finance technical and financial feasibility studies for the integral development of Port Haina in the Dominican Republic.
These resources will be used to develop the project's conceptual framework, including prefeasibility studies for the drainage of the ravines, construction of storm drainage, expansion of the clean water distribution system, construction of the sanitary sewerage system, road infrastructure improvements, and integrated solid waste management.
CABEI Executive President, Dr. Dante Mossi highlighted ''this first stage of the project will increase the municipality of Haina's competitiveness, considered one of the country's main economic engines, and will also improve the surrounding areas' social conditions, and therefore the quality of life of its inhabitants."
The studies will be carried out over a period of 21 months from the start of the consultancy and three disbursements are expected to be made. This contingent recovery technical cooperation will be executed by the Dominican Port Authority and is in line with CABEI's Institutional Strategy, promoting Human Development and Social Inclusion in order to enhance the region's inhabitants' sustainable wellbeing.
