Public investment in the Dominican Republic reaches the highest level in five years

The Dominican Republic approved 399 investment projects worth RD$238,257.7 million (US$4.431 billion) between January and September 2022, 81% more than the same period in 2021.

According to the General Directorate of Public Investment of the Ministry of Economy, Planning, and Development, the results for the first nine months of the year are not only higher than those of 2021 but even three times higher than in 2017 and 2019 (both as of September).

92.3% of the approved amount relates to central government expenditures.

These are distributed among 261 central government projects, local governments, and 61 funds, 68 by state-owned enterprises.

In September alone, the Dominican Republic approved RD$60,340.7 million (US$1.122 billion), three times more than in September 2021.

This month’s most important project involves two Santo Domingo Metro projects.

One is the construction of Line 1B, which will extend the network to Punta in Villa Mella, northeast of the capital, and the other is the expansion of Line 2 capacity.

Construction of both projects will begin in 2023 and is expected to be completed in 2025. The total cost is RD$20,868 million, or nearly US$388.1 million, and will improve the mobility of 361,464 Dominicans.

DISTRIBUTION OF INVESTMENTS

With RD$54,930.3 million (US$1.021 billion), the transport sector received the highest allocations in September, of which RD$34,056.7 million (US$633.5 million) is for the reconstruction of urban road infrastructure.

Looking at the first nine months of the year, of the total RD$238,257.7 million (US$4.431.billion), transportation accounted for RD$107,524.4 million (US$2 billion), and health for RD$81,524.1 million (US$1.516 billion).

The institutions that will manage the funds are mainly the Ministry of Public Works and Communications (RD$52,361.4 million/ US$973.9 million) and the Transport Reorganization Office (RD$20,868 million/ US$388.1 million).

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