The World Bank has approved the US$151 million loan needed to finish the highway from Santo Domingo to Samana. The loan guarantee goes into effect, according to El Caribe, in 2007. The Ministry of Public Works reported that the highway would be ready in two years after the World Bank’s Multilateral Investment Guarantee Agency approved the project. Freddy Perez, the Minister of Public Works, Colombian ambassador Enrique Garavito and Colombian contractor Armin Garcia disclosed this information at a news conference. The project gives the Dominican-Colombian consortium a 30-year concession on the highway.