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    Signature(s)

    Amount
    € 29,820,941.23
    Countries
    Sector(s)
    Dominican Republic : € 29,820,941.23
    Transport : € 29,820,941.23
    Signature date(s)
    16/12/2009 : € 29,820,941.23

    Summary sheet

    Release date
    14 July 2009
    Status
    Reference
    Signed | 16/12/2009
    20090060
    Project name
    Promoter - financial intermediary
    BTA Toll Road

    Private sector operation

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 40 million.
    USD 167 million.
    Location
    Sector(s)
    Description
    Objectives

    The Boulevard Turistico del Atlantico (BTA) project involves the construction, as part of a 30 year Design Build, Finance and Operate (DBFO) concession contract, of a 123 km toll road in the Samaná peninsula in the north of the Dominican Republic. The project consists of the rehabilitation of 99 km of existing road (Nagua-Sánchez-Samana-El Limón-Las Terrenas) and the construction of some 24 km of new road from Las Terrenas to Majagual, close to the El Catey international Airport. The project is a natural extension of the Autopista de Nordeste (AdN) motorway, connecting the capital Santo Domingo with the tourist destinations on the Samaná peninsula.

    The Samaná peninsula is regarded as a tourist destination with good potential and as such represents a priority of the DR Government. Both the AdN and BTA toll roads significantly reduce travel time between the capital, Santo Domingo, the El Catay international airport and the tourist destinations on the Samaná peninsula.

    Environmental aspects
    Procurement

    A full EIA has been conducted, risks assessed and mitigation measure put in place. Thus, the environment impact of this project is considered acceptable to the Bank.

    The procurement procedures employed by the promoter will be reviewed by the Bank.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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