The Chamber of Deputies has approved loan contracts worth a total US$683 million, to be used for financing several projects.
The initiatives ratified included a resolution approving a loan contract signed between the Dominican Republic and the French Development Agency (AFD) on 25 November 2014 for a maximum amount of US$210 million, to be used for a program of organization, relocation and urban mobility in Santo Domingo. The project covers the resettlement of the residents of the La Barquita neighborhood, installation of a drainage system for the Ozama River and the extension of Line 2 of the Santo Domingo Metro, as reported in Diario Libre.
Another resolution approves a loan contract signed between the Dominican Republic and the Inter-American Development Bank (IDB) for US$250 million for the program to Improve Productivity and Formalization in the Dominican Republic.
The deputies passed a resolution that approved the contract for a loan signed between the Dominican Republic and the IDB for US$35 million for the San Juan de la Maguana province Production and Competitiveness Development Program.
Yet another resolution approved two loan contracts, one signed with the OPEC Fund for International Development for US$60 million and the other with the IDB for US$78 million, both to finance the Distribution Network Modernization and Electricity Losses Reduction Program.
In addition, they approved a loan from the Andean Development Corporation for US$50 million, to finance the Public Credit Management Processes Support Program.
http://www.diariolibre.com/noticias/2015/01/08/i958111_diputados-ratifican-seis-prstamos-por-us683-millones.html