Senate approves loans for more than RD$15 billion for Metro SD and agriculture

The Senate of the Republic approved this Tuesday, in a single discussion, two international financing agreements submitted by the Executive Branch, for more than RD$15 billion, which had been previously known and sanctioned by the Chamber of Deputies.

The first of the loans corresponds to the loan agreement, signed on April 9, 2025 between the Dominican Republic and the Japan International Cooperation Agency (JICA), for an amount of up to 10,930 million Japanese yen (RD$4,731.35 million) destined for the Agricultural Financing Improvement Project for the Strengthening of the Food Value Chain.

According to the initiative, the resources will be executed by the Ministry of Agriculture and will be aimed at improving access to financing for the agricultural sector, with the aim of strengthening the production, productivity, and sustainability of the country’s food value chain. You can also read: https://ab.deultimominuto.net/nacionales/senado-aprueba-de-urgencia-presupuesto-general-del-estado-2026-con-el-rechazo-de-la-oposicion/ The agreement stipulates that disbursements will be made in accordance with the terms and conditions agreed upon by both parties and the current regulations of Japan. The second approved financing corresponds to the loan agreement signed on May 28, 2025 between the Dominican Republic and the French Development Agency (AFD), for an amount of USD$178,374,339.00, or its equivalent in euros, for the Santo Domingo Metro Line 2 Transportation Capacity Expansion Project. This loan will be executed by the Office for the Reordering of Transportation (OPRET) and aims to respond to the increased demand of the mass transit system. According to the agreement, the funds will be allocated to four main components: the acquisition of six-car trains, the construction of civil works such as workshops and garages, the installation of electromechanical and signaling systems, as well as the supervision and execution of technical studies. You may be interested in: https://ab.deultimominuto.net/nacionales/senador-guillermo-lama-solicita-cpn-para-buenos-aires-de-neyba/ Both loans were approved in a single discussion by the Senate plenary, as part of the day’s legislative agenda. With this approval, the initiatives are ready for enactment in accordance with established constitutional procedures.