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 delivers financial aid to more than 3,000 Dominicans affected by Tropical Storm Franklin
With a cooperation of US$500,000, government authorities will be able to meet part of the needs of the affected population in the provinces of Nagua and María Trinidad Sánchez, as well as their respective municipalities.
Santo Domingo, October 12, 2023.- To counteract the negative effects generated by Tropical Storm Franklin and in solidarity with more than 3,300 Dominicans affected by this natural phenomenon, the Central American Bank for Economic Integration (CABEI), together with the Dominican Republic Government, delivered a donation of US$500,000.00 (RD$28.5 million pesos) to the municipality of Nagua.
The president of the Republic, Luis Abinader, and Hostos Rizik, executive director of CABEI, made the symbolic delivery to the Dominican Federation of Municipalities (FEDOMU), as the executing agency in charge of developing the necessary actions to provide assistance to the affected population.
Tropical Storm Franklin affected 678 homes, 92 aqueducts, 24 communities cut off from communication and affected communication routes. The funds will be used to purchase medical equipment, ambulances, medicines, food, clean water and other goods for primary use required by the affected people, as well as the purchase of inputs for the recovery of agricultural crops.
With actions such as these and others, the multilateral organization will continue to promote programs and projects for its member countries to implement climate change prevention, mitigation and adaptation measures to reduce their vulnerability to these natural phenomena.