NewsWhore
07-18-2011, 06:30 PM
The Fernandez administration with its majority in Congress has also secured the approval of an additional RD$54.11 billion in loans for the construction of public works.
As reported in Listin Diario, the Senate, with its almost absolute majority of ruling party legislators, passed loans in dollars equivalent to RD$33.86 billion. Also cleared were loans in Euros for the equivalent of RD$20.25 billion, for a total RD$54.11 billion. Included in the total is a loan with the Inter-American Development Bank for US$30 million for farming support that will be implemented by the Ministry of Agriculture. Another loan for US$34 million, also with the IDB, was passed for potable water and sanitation programs under the National Institute of Potable Water and Sewage (INAPA). Furthermore, Congress approved a loan for US$471 million for the concession of the tolls project with Dominicana de Vias Concesionadas (Davicom) that will be implemented by the Ministry of Public Works.
Also contemplated is a US$354 million contract with the Brazilian company Andrade y Gutierrez for the construction of the Monte Grande dam and renovations at the Sabana Yegua dam in the southwest under the National Institute of Hydraulic Resources (INDRHI).
As reported in the newspaper, the loans in Euros were contracted with commercial banks BNP Paribas Fortis, Citibank Europe PLD, KFW and Deutsche Bank for the second phase of the Metro.
More... (http://www.dr1.com/index.html#2)
As reported in Listin Diario, the Senate, with its almost absolute majority of ruling party legislators, passed loans in dollars equivalent to RD$33.86 billion. Also cleared were loans in Euros for the equivalent of RD$20.25 billion, for a total RD$54.11 billion. Included in the total is a loan with the Inter-American Development Bank for US$30 million for farming support that will be implemented by the Ministry of Agriculture. Another loan for US$34 million, also with the IDB, was passed for potable water and sanitation programs under the National Institute of Potable Water and Sewage (INAPA). Furthermore, Congress approved a loan for US$471 million for the concession of the tolls project with Dominicana de Vias Concesionadas (Davicom) that will be implemented by the Ministry of Public Works.
Also contemplated is a US$354 million contract with the Brazilian company Andrade y Gutierrez for the construction of the Monte Grande dam and renovations at the Sabana Yegua dam in the southwest under the National Institute of Hydraulic Resources (INDRHI).
As reported in the newspaper, the loans in Euros were contracted with commercial banks BNP Paribas Fortis, Citibank Europe PLD, KFW and Deutsche Bank for the second phase of the Metro.
More... (http://www.dr1.com/index.html#2)