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Deputies approve US$282.4M in loans for piped water and dams

Santo Domingo.- The Chamber of Deputies on Thursday approved a US$249.5 million loan to fund the hydroelectric complex at Monte Grande, Barahona province (west) and the reconstruction of the reservoir at Sabana Yegua, in Azua province (south).

The loans stem from a June 25, 2013, contract between Dominican Republic, Brazil’s National Economic and Social Development Bank (BNDES) and the contractor Constructora Andrade Gutiérrez.

The lower Chamber also approved a US$25.0 million loan with the Inter-American Development Bank (IDB) to improve access to drinking water in Santiago’s metropolitan area and another for 6.9 million euros (US$8.9 million) to improve water management in rural areas of Greater Santo Domingo.

Source: DT

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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