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Dominican Republic approves US$400.M for more better roads

Santo Domingo.- Dominican Republic’s Senate on Wednesday night ratified two loans totaling US$400.0 million, to build and improve several highways.

One of the loans of US$200.0 million will be allocated for the reconstruction of the cross-mountain road from Piedra Blanca (central) to the Cruce de Ocoa on the southern highway.

The other for US$200.0 million will be used to finance the project Pontezuela Ecological Corridor, in northern Santiago province.

Both loans are from Brazil’s State-owned National Economic Development Bank (BNDES), and will managed by the Public Works Ministry.

Source: DT

Category: DR News |

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Last updated October 20, 2016 at 7:03 PM
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