Senators request US$50mn budget allocation for Monte Grande dam works

- Tuesday, June 21, 2011

Senators request US$50mn budget allocation for Monte Grande dam works

A group of senators from the Dominican Republic have asked the finance ministry to raise the 2011 fiscal budget by US$50mn to continue work on the Monte Grande dam and Sabana Yegua reservoir in Azua province.

Works on both projects will total US$43mn this year, and once completed will cost over US$354mn, daily Listín Diario reported.

The group will discuss the financing scheme this week with national water authority Indrhi, which is supervising construction.

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The Monte Grande project, located on the Yaque del Sur river, will allow the irrigation of 700,000 plots of land in Barahona, Baoruco, Independencia and Elias Piña provinces.

The dam includes a hydroelectric facility that will have 7.8MW capacity and generate 68.6GWh/y.

Andrade Gutierrez began work on the dam in July last year in partnership with local firm Servinca Ingenieros y Arquitectos. BNP Paribas and Brazilian development bank BNDES are providing financing.