Dominican Republic, CABEI's Ambassador in the Caribbean.

The country became a Non-Founding Regional Member of CABEI in 2007 and since then the institution has consolidated its presence in the country by financing programs and projects that contribute to the sustainability of economic growth and the strengthening of aspects of social inclusion with environmental sustainability. . CABEI has benefited more than 6 million people in the Dominican Republic through the programs and projects that the Bank has implemented in the country, through financing amounting to a total amount of US$ 1.1638 billion for the public and private sectors.

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 supports Dominican Republic with final designs for Monte Grande Multipurpose Dam

29/03/2022

Through technical cooperation, a company will be contracted to prepare the studies and final designs for the complementary works of the dam.

Antigua Guatemala, March 29, 2022. – With the purpose of concluding one of the most important works related to water resources in the Dominican Republic with the highest standards, the Central American Bank for Economic Integration (CABEI) approved a US$3.6 million technical cooperation for the preparation of studies and final designs for the complementary works of the Monte Grande Multipurpose Dam.

Among the complementary works for the dam, which also has CABEI's financial support of US$249.6 million for its construction, are the irrigation canal systems, water conduction works to the drinking water treatment plant in the province of Barahona, flood mitigation works, a hydroelectric plant at the foot of the dam, and a transmission line, among others.

CABEI's Executive President, Dr. Dante Mossi, explained: "these complementary investments are very necessary to fully complete a project of great magnitude and benefit to Dominicans, which will increase the amount of drinking water for irrigation of the different agricultural activities in 51 communities neighboring the area where the project is being developed."

The Montegrande Phase III Multipurpose Dam Project is located in the province of Barahona, on the border with the province of Azua in the southwest of the country. As of January 2022, construction of the dam was 61% complete, with disbursements of US$206.6 million.

The resources will be administered by the National Institute of Hydraulic Resources (INDRHI for its Spanish acronym), and it is estimated that the final studies and designs for the complementary works will begin in April 2022 and conclude in January 2023.