Dominican Republic Approves Loan for Dam Construction

The Dominican Republic has approved a $60m loan for the completion of the Uaigui Dam in La Vega province.

The first $55m tranche of the loan will be provided to a consortium comprised of Italian firm Impregilo and local firm Hermanos Yarul, which is constructing the dam.

The remaining amount will be granted to Norwegian consultancy firm Norplan, which is overseeing the construction of the dam, according to waterworld.com.

The prjoect includes the construction of a 75m-high, 200m-long dam and reservoir with a capacity of 50 million cubic metres.