[DR1] Electric highway construction begun

[NewsWhore]

Construction will begin on the electric highway between Santo Domingo and Santiago today at El Naranjo, Santiago. This is a RD$5 billion project by the Dominican Corporation of State-Owned Electric Companies (CDEEE). President Leonel Fernandez will attend a public function where he will break ground for the project, which will be built over two years with EUR124 million financing from three international banks. This transmission line, which was planned over 10 years ago, will be built by a consortium formed by Elecnor from Spain and Siemens from Germany, according to a report by Diario Libre. Expectations are high in the Cibao about this project, which will open doors to new investment and contribute to sustainable development in the area, according to businesspeople.

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