The Dominican Republic and the French Development Agency (AFD) signed on Thursday a financing agreement for 86 million euros (97 million dollars), which will allow the doubling of the length of the trains on line 1 of the Santo Domingo Metro.
This initiative will help transport around 66 thousand additional passengers per working day on this line, reducing waiting lines at peak hours, according to the agreement signed between the Minister of the Presidency, Lisandro Macarulla; and the French Minister of Foreign Trade, Franck Riester, visiting the country.
The agreement is part of a global strategic framework formalized in the 2021-2023 Cooperation Roadmap between AFD and the Dominican Republic, which describes the prospects for technical and financial cooperation to accompany the country’s ecological, climatic, social and economic transitions. according to a statement.
At the same time, they signed an agreement that will allow the technical and financial cooperation of French companies that have developed mass transportation systems in the Dominican Republic, and the construction of the new Monorail projects in the city of Santiago and the metropolitan train to the Airport. Las Americas International, in Santo Domingo.
The objective of these agreements is for the Dominican Republic, France’s first commercial partner in the Caribbean, to achieve the greatest territorial coverage of mass transportation systems, increasing the quality of life of citizens by reducing transportation spending, which represents the 25% of low-income families.
Likewise, reduce the carbon footprint through the implementation of sustainable systems.
The signatures took place within the framework of France Week in the Dominican Republic, organized by the Franco-Dominican Chamber of Commerce and Industry under the slogan “Sustainable City,” the note added.