Dominican Republic, a booming destination for infrastructure investment | July 28, 2016
Dominican Republic is establishing itself as a very attractive destination for investing in infrastructure and energy in the context of Latin America and the Caribbean. CIFI has developed so far a total of 15 projects representing an aggregate investment of more than 1,000 million dollars.
CIFI is considering the possibility of launching another three alternative energy projects and a logistics center that would entail in principle an additional investment of 350 million dollars.
César Cañedo-Argüelles, CEO of CIFI, recently traveled to the Dominican Republic to study on the spot the potential of the country and to meet with leading economic agents in Santo Domingo.
Because of its level of specialization in infrastructure and knowledge of the country and region, CIFI is a strategic ally to attract capital from institutional investors for infrastructure projects. CIFI has set itself the goal of raising funds from insurance companies or pension funds, which could thus diversify their investments and achieve higher returns. The current pension system in the Dominican Republic was created in 2001 and has since then it has grown to 368 trillion Dominican pesos (8.1 trillion dollars).
CIFI is playing a key role in enhancing the tourist appeal of the country and Region, by stimulating investment in infrastructure to improve road communications and reduce travel times.
Among the projects funded so far by CIFI in Dominican Republic, we can highlight the Consorcio Energético Punta Cana-Macao (CEPM), dedicated to the generation and transmission of electricity in the tourism development area Punta Cana-Macao-Bávaro-Bayahibe; several major airport infrastructure such as La Romana Airport or Aerodom; or Multimodal Caucedo Port, a transit center of goods to North and South America that has contributed to consolidating the Dominican Republic as a more competitive country in the global logistics market.