Chinese companies have plans to invest USD 350 million in multifunctional hydraulic dam project along the Yuna river

Funder	China (People's Republic of)
Recipient Organization	Dominican Republic
Country	Dominican Republic
Start Date	Jan 18, 2017
End Date	Apr 20, 2032
Duration	5,571 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54951`

Grant Description

On 29 Sep 2017, during the China Expo event, Fu Xinrong, the representative from the Chinese Commercial Development Office in the Dominican Republic, revealed that state-owned Chinese companies have plans to invest up to USD 350 million (EUR 292.93 million) in a multifunctional hydraulic dam project along the Yuna River.

No agreements have been signed between the two countries and little information is known about this pledge. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.