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 allocates more funds to support the population affected by Hurricane Fiona in the Dominican Republic
This second donation of US$500,000 brings the multilateral's total to US$1.0 million to meet the population’s basic needs.
Tegucigalpa, October 17th, 2022.- In solidarity with the Dominican families who suffered damages during the passage of Hurricane Fiona, the Central American Bank for Economic Integration (CABEI), for the second time approved emergency and natural disaster aid for US$500,000 to the Dominican Republic.
"In difficult times, CABEI is present to support its member countries and joins in the solidarity aid that we know will support the families affected by this natural phenomenon so that they can cover their basic needs," said CABEI Executive President, Dr. Dante Mossi.
The resources will be used by the Dominican Republic Government who will coordinate the activities contemplated as part of this donation, which could include purchase of food, clean water and basic necessities, purchase of medicines, supplies for shelters, infrastructure repairs, among other needs required to address the emergency.
CABEI will continue to support its member countries with this type of emergency aid in situations of natural disasters in order to guarantee the lives and safety of citizens.
