Santo Domingo – In a landmark move to bolster environmental sustainability, the Dominican Republic’s Ministry of Environment and Natural Resources has inked a Memorandum of Understanding (MoU) with Mamaland Company SA, a subsidiary of the Mota-Engil Group. The agreement, valued at USD 300 million, focuses on ecological restoration, carbon credit initiatives, and conservation projects across the nation. This partnership underscores the Dominican Republic’s commitment to becoming a regional leader in green finance and climate action. The MoU highlights comprehensive studies on degraded ecosystems, including mangroves, wetlands, and protected areas, to inform targeted restoration and conservation strategies. Beyond environmental benefits, the collaboration aims to foster green employment opportunities, facilitate technology transfer, enhance institutional capacity, and provide training for rural communities. Dominican Ambassador to Portugal, Patricia Villegas de Jorge, played a pivotal role in facilitating this initiative, emphasizing its potential to position the country at the forefront of sustainable development in the Caribbean region.
Environment Ministry signs $300M MoU for ecological restoration
