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 inaugurates the Monte Grande Dam, the largest hydroelectric work in the Caribbean
The work was financed by the multilateral with an amount of US$249.6 million.
Santo Domingo, January 25, 2024. - The Central American Bank for Economic Integration (CABEI), in collaboration with the President of the Dominican Republic, Mr. Luis Abinader, and the National Institute of Hydraulic Resources (INDRHI), today inaugurated the Monte Grande Dam, a project that will benefit 51 communities in the southern region of the country.
The work, executed under the responsibility of INDRHI, has the capacity to store 350 million cubic meters of water extracted from the Yaque del Sur River. This infrastructure will perform various functions, such as flood mitigation in the lower basin of the river during floods, supply the Southwest Regional Aqueduct (Asuro), meet the irrigation and hydroelectric power generation demands.
"This project represents a historic milestone that marks the path towards a more prosperous and sustainable future for our country but especially for the southern region, positively impacting the lives of thousands of Dominican families," said CABEI Executive Director to the Dominican Republic, Hostos Rizik.
With actions such as these, CABEI reiterates its commitment to collaborate in strengthening the economic and social factors of its member countries in order to guarantee the prosperous and sustainable development of the region.