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

The Central American Bank for Economic Integration (CABEI) backs National Road Infrastructure Connectivity and Transformation Plan to benefit more than 650,000 Dominicans

09/05/2023

With an investment of US$421.0 million, a total of 102.2 kilometers of highways will be widened, rehabilitated and constructed in the Dominican Republic.

Punta Cana, May 9th, 2023.– Around 659,830 Dominicans in the provinces of Santo Domingo, San Pedro de Macorís and El Seibo will be able to improve their road circulation, reduce travel time between provinces, reduce the number of accidents and encourage tourism in the municipality of Miches, through the "National Road Infrastructure Connectivity and Transformation Plan of the Dominican Republic (PLANACOVIAL), Segment A", which has the support of the Central American Bank for Economic Integration (CABEI) for US$421.0 million.

The operation consists of the rehabilitation and improvement of the level of service of 19.0 km of the Duarte Highway and the construction of 15.3 km of marginal road for the decongestion of this road. It also includes the construction of 67.9 km of highway from San Pedro de Macorís to the municipality of Miches with two traffic lanes.

"As a development bank, we continue to support the well-being of families in the Dominican Republic with projects that will reduce the time and cost of transporting people and products. In addition, it will generate 686 temporary direct jobs during its execution, 6% of which will be occupied by women. This project will have a positive impact on the inhabitants of the area, contributing to the reduction of poverty and inequality," highlighted CABEI's President, Dr. Dante Mossi.

The initiative is part of the multilateral's Institutional Strategy, in the Human Development and Sustainable Competitiveness strategic axis, specifically in the area of focusing on productive infrastructure, as well as the Competitiveness and Productivity Strategic Axis of CABEI's 2021-2026 Country Strategy for the Dominican Republic.