Odebrecht developing infrastructure projects worth US$700mn

Friday, April 9, 2010

Brazilian firm Odebrecht is developing infrastructure projects in the Dominican Republic worth more than US$700mn, according to the company's administrative director Claudio Medeiros.

All the contracts have been awarded through tender processes, Medeiros said, adding that a large part of the investment is being financed by Brazil's national development bank BNDES.

Works currently underway include the construction of a new water supply system in northeastern Samaná province and the rehabilitation of the Cazabito-Constanza highway.

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Odebrecht is also building the 71km El Coral highway in eastern La Altagracia province which will run between cities La Romana and Higüey, and through the tourist area Punta Cana. Odebrecht is working with local firm Hormigones Moya on this project, which is slated for completion in 2012

The firm is also carrying out the Corredor Duarte highway project, which includes the construction of six overpasses in the Distrito Nacional that includes capital Santo Domingo.

Odebrecht first started working in the Dominican Republic in 2002.