The Dominican Republic’s water resources authority, Instituto Nacional de Recursos Hidraulicos (INDRHI) has signed contracts to resume construction of the 4-MW Guaigui multipurpose project on the Camu River, Business News Americas said.
BNamericas said INDRHI awarded a US$59.5 million contract to a consortium of Impregilo of Italy and Yarull of the Dominican Republic to finish building the dam and the remainder of the project. Consultant Sweco Groner of Norway received a US$1.3 million contract for final design, while consultant Norplan AS of Norway received a US$5.2 million contract for project supervision.
The project will be financed by Dutch bank ABN AMRO and a group of Scandinavian banks, INDRHI said.
Construction of the flood control, drinking water, irrigation, and hydropower dam halted in 2005 as a result of disagreements over project costs between the government and Norway’s NCC International, which withdrew from the engineering-procurement-construction contract.