US$115 million loan to improve digital connectivity for the poor

Dolores

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Feb 20, 2019
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The Chamber of Deputies approved a loan for US$115 million, signed with the Inter-American Development Bank (IDB). The loan is to finance the Program to Improve Digital Connectivity in the Dominican Republic. The program will be implemented parallel with Claro and Altice carrying out the installation of 5G frequencies nationwide primarily in major cities. The bill is likely also to pass in the Senate, where the ruling Modern Revolutionary Party (PRM) is majority.



The plenary of the lower house approved the initiative with 72 votes in favor, 46 votes against and 19 abstentions.



The IDB had approved the loan in July 2021. The project will boost the level of digitalization of the population to step up access of the population to the enhanced connectivity.



The IDB project will finance investments to expand broadband infrastructure, including the expansion of backbone...

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