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
With CABEI support, XXXVIII Inter-American Congress on Sanitary and Environmental Engineering to be held in Dominican Republic
More than 1,000 representatives from Central America, Panama and the Dominican Republic will attend the Congress in Punta Cana.
Santo Domingo, November 15th, 2022 - In order to promote resilient initiatives for sustainable business development in the face of adverse environments such as climate change, the Central American Bank for Economic Integration (CABEI) provided US$9,000 in sponsorship for the XXXVIII Inter-American Congress on Sanitary and Environmental Engineering "Challenges of Sanitary and Environmental Management, Post Pandemic and Climate Change, a "Commitment of All".
"Considering that disasters caused by climate change are on the rise, it is essential to exchange knowledge, techniques and tools to mitigate their adverse effects and enable effective recovery to ensure business continuity and, therefore, the development of our countries," said CABEI Executive President, Dr. Dante Mossi.
At the Congress organized by the Inter-American Association of Sanitary and Environmental Engineering (AIDIS), technical papers were presented on advanced research and solutions in the area of sanitary and environmental engineering, and CABEI provided details on the projects being developed in the region through its financial and technical support in the water and sanitation sectors. In addition, CABEI discussed financing opportunities for 2023.
The event was held from November 13 to 17 in Punta Cana and was attended by more than 1,000 representatives from Central America, Panama and the Dominican Republic.
