Dominican Republic: $90 Million for Tourism Infrastructure

With a loan from the IDB, the Dominican government plans to implement Phase II of the Integrated Tourism and Urban Development Program of the Colonial City of Santo Domingo.

Thursday, May 2, 2019

The execution of the loan will be in a 6-year term, with a repayment period of 24 years, with an interest rate of Libor 3 months plus a margin, currently estimated at 3.78%, informed the government.

You may be interested in "Tourism Investment Projected at $129 Million"

From the Ministry of Finance statement:

Through the Ministry of Finance, the Dominican Government today signed a loan contract with the Inter-American Development Bank (IDB) for $90 million to implement Phase II of the Integrated Program for Tourism and Urban Development of the Colonial City of Santo Domingo.

The project, which will be executed by the Ministry of Tourism, in coordination with the National District Mayor's Office and the Ministry of Culture, will continue the rehabilitation of the first city in America, both in its cultural and tourist aspects, as well as economic and urban.

The Minister of Finance, Donald Guerrero Ortiz and the IDB representative in the country, Miguel Coronado, signed the loan contract during a ceremony attended by the Minister of Tourism, Francisco Javier Garcia, the Mayor of the National District, David Collado, and the Minister of Culture, Eduardo Selman, held at the Ministry of Finance.

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Panama: $47 Million for Tourism Project

February 2020

CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.

The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.

El Salvador: $6 million for Tourism Projects

May 2016

The adaptations for tourist use at the port of Puerto El Triunfo and construction of an ecotourism park are some of the projects which will be developed with IDB funds.

The Ministry of Tourism in El Salvador has signed an agreement with the Inter - American Development Bank to allocate part of the $25 million loan formalized in 2015 to improving tourism infrastructure in the municipalities of Usulutan, Puerto El Triunfo, Berlin, Alegria, Jiquilisco and San Dionisio.

El Salvador: $25 million for Tourism Infrastructure

April 2015

With the IDB loan approved by the Assembly, improvements will be made in docks and piers, jetties and construction of bike paths in tourist areas along the coastal strip.

From a statement issued by the Legislative Assembly of El Salvador:

The National Assembly passed with 56 votes, a contract signed between the Salvadoran government and the Inter-American Development Bank (IDB), in the amount of $25 million, which will go towards the fund for the "Tourism Development Program of the Coastal - Marina Strip".

El Salvador: $25 million to Support Tourism

August 2013

The funds will mainly be applied to infrastructure construction projects in the Gaza coastal marine area and loans for tourism SME's.

The Inter-American Development Bank has provided a loan of $25 million for a program of tourism development in the coastal marine strip.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jul 9)
Brent Crude Oil
Coffee "C"