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 provide medical supplies to Dominican Republic to continue curbing COVID-19
The US$330,000 grant comes from the Korea - CABEI Single Donor Trust Fund (KTF) and is intended to support national efforts to address the spread of the COVID-19 pandemic.
Santo Domingo, September 16th, 2021.- Today, the Central American Bank for Economic Integration (CABEI) and the Dominican Republic signed a Non-Refundable Technical Cooperation Agreement for the donation of 816,480 Korean KF-94 masks to be used for the protection of personnel in the country's health sector, which will be administered by the Essential Medicines Program and Central Logistics Support Center (PROMESE CAL).
CABEI Executive President, Dr. Dante Mossi, noted, "As part of CABEI's work to prevent the effects of the pandemic in our region, today we are pleased to provide this support to our partner country, the Dominican Republic, to protect the population at this time of emergency.
The agreement was signed by the Dominican Republic's Minister of Economy, Planning and Development, Miguel Ceara Hatton; CABEI Director for the Republic of Korea, Dongjoon Kim; and the Chief Country Officer in the Dominican Republic, Manuel Ogando. The Dominican Republic's CABEI Country Director, Hostos Rizik, and PROMESE CAL's General Director, Aldolfo Pérez, signed as honorary witnesses.
The funds for this initiative correspond to the total amount approved by the CABEI-Korea Sole Donor Trust Fund (KTF) of up to US$3.0 million, which will be used to mitigate the spread of the pandemic in nine beneficiary countries.
