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US$81.3 million loan for dam.(DOMINICAN REPUBLIC)
0 Comments | Caribbean Update, May, 2007
The Executive Branch sent a US$81.3 million loan bill to Congress to finance a hydroelectric power plant at the Palomino dam located in Bohechio, San Juan de la Maguana, in the southwest, reports DR1 Daily News (March 26, 2007). The dam will utilize the waters of the Yaque del Sur and Blanco rivers.
A 22 hectare reservoir will be built, with capacity to store 3.3 cubic meters of water. Construction is scheduled to take four years. Financing has been secured with the Brazilian Development Bank (BNDES). The project is estimated to cost US$225 million. Brazilian construction company Norberto Odebrecht, S.A. has been chosen for the construction.
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