Central American Bank for Economic Integration willing to support Santo Domingo Metropolitan Train project

This is an automated translation of the original release published in Spanish.

From The Central American Bank for Economic Integration (CABEI).

Santo Domingo.- The Central American Bank for Economic Integration (CABEI) expressed its willingness to support the designs, structuring and private financing of the Santo Domingo Metropolitan Train.

“Our first phase will be to provide the necessary technical cooperation resources to carry out the complementary studies or other required needs.” The text continues by stating that, “in a second phase, the structuring and identification of non-sovereign financial sources and models for the development of our train,” the multilateral institution expressed through its X account.

Gisela Sánchez, executive president of CABEI, said that with this decision, the entity demonstrates its commitment to continue working for the development of the countries it serves to generate opportunities that improve the quality of life of its citizens and promote a more prosperous and fair future for the entire region. "We at #CABEI are very excited to support the Santo Domingo Metropolitan Train project and continue to be a driving force of positive transformation for the Dominican Republic," Sánchez said on the social network.

Previously, the Trust for the Development of the Mass Transportation System of the Dominican Republic (Fitram) reported, through a press release, that the initiative is a strategic project of the government, so it would be rethought as a public-private partnership project or concession, as established by the mechanism allowed by law, and announced that they would manage the participation of qualified companies and investors.

The Central American Bank for Economic Integration (CABEI) is a multilateral development financial institution with an international character, which seeks to promote economic integration and balanced economic and social development in the Central American region.