Local July 13, 2012 | 7:59 am

Deputies steamroll loans for US$265.3M, E20.6M

Santo Domingo.- The Chamber of Deputies yesterday approved various loans totaling US$265.3 million and 20.6 million euros without reading their contents of study by committee.

Some lawmakers of the opposition PRD party criticized the decision, questioning their colleagues who didn’t even bother to read the contract before the vote.

One contract for US$216.8 million is for the first funding for construction of sewage treatment plants in Santiago province, and another of US$10 million from the Inter-American Development Bank (IDB) for the Agriculture Ministry’s Health and Agro-alimentary Program, to benefit 24,000 households in 20 provinces.

The deputies also approved a 9.2 million euro loan from the International Development Agricultural Fund for the North, Central and East regions’ rural economic development, and yet another for 11.4 million euros from Spain, for food safety.

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