NewsWhore
07-14-2009, 02:30 PM
The Executive Branch is requesting Congressional approval of a loan contract for US$48,843,918.40 that was negotiated with the National Bank of Economic and Social Development (BNDES), the Brazilian export financing agency, for the construction of the Duarte Corridor. The funds would finance 100% of the materials, equipment and services required.
The contract for the design and construction of the Duarte Corridor was signed by the Norberto Odebrecht Construction Co. The Estrella Group would be the local counterpart.
The design calls for overpasses over the Monumental Avenue, the Manoguayabo highway, the Nunez de Caceres intersection with John F. Kennedy, Dr. Defillo with John F. Kennedy, as well as overpasses and a tunnel that involve Ortega y Gasset and 27 de Febrero and the San Isidro Highway and Charles De Gaulle Avenue.
The Ministry of Public Works would be responsible for the project that will ease north-south traffic flow in the National District (Santo Domingo).
In the loan contract, a 21-month time limit for the use of the funds is set, beginning with the date the contract with BNDES is approved. The interest rate and will be applied to the credit is rate applied in London for loans or inter-bank financing (Libor) for 60 months, according to the letter.
More... (http://www.dr1.com/index.html#5)
The contract for the design and construction of the Duarte Corridor was signed by the Norberto Odebrecht Construction Co. The Estrella Group would be the local counterpart.
The design calls for overpasses over the Monumental Avenue, the Manoguayabo highway, the Nunez de Caceres intersection with John F. Kennedy, Dr. Defillo with John F. Kennedy, as well as overpasses and a tunnel that involve Ortega y Gasset and 27 de Febrero and the San Isidro Highway and Charles De Gaulle Avenue.
The Ministry of Public Works would be responsible for the project that will ease north-south traffic flow in the National District (Santo Domingo).
In the loan contract, a 21-month time limit for the use of the funds is set, beginning with the date the contract with BNDES is approved. The interest rate and will be applied to the credit is rate applied in London for loans or inter-bank financing (Libor) for 60 months, according to the letter.
More... (http://www.dr1.com/index.html#5)