Senate Approves Two More Loans; one will be used to expand line 1 of the Metro

The Senate approved this Wednesday two loans that together exceed an amount of 100 million dollars and that will be used for phase II of the expansion of the Santo Domingo Metro and the Civil Service program of the Dominican Republic.

The projects, both sent by the Executive Branch, are divided into millions of dollars and millions of euros.

The Upper House approved the contract signed between the Dominican Republic and the French Development Agency (AFD), for an amount that amounts to 86 million euros.

This loan is intended to be used in the expansion works carried out on line 1 of the Santo Domingo Metro.

The project will increase the capacity of users of the service and that the financing is contained within the development projects contemplated for this year.

This project also includes phase I that was executed during the last government administration for 159 million euros. Phase II will cost 86 million euros.

And it also has the purpose of taking the aforementioned transport system to Boca Chica and Santiago.

While it also approved the contract signed between the Dominican Republic and the Inter-American Development Bank (IDB), for an amount of up to 30 million dollars for the Civil Service Program of the Caribbean country.

This loan contract was approved in a single reading with only 3 votes against of the 22 legislators who were present at the session on Wednesday.