JULY 2009

Works will be carried out in the Province of Montecristi

Agreement signed

BREAKING NEWS: The Head office of Frontier Development (DGDF) and the Funds of Promotion of the Community Initiatives (Procomunidad) will develop a construction schedule of works of public interest in the frontier communities in order to fight the poverty and to raise the quality of life of its inhabitants.

The actions will be carried out starting from the agreement subscribed by the holders of the DGDF, Major Manuel de Jesús Florentino y Florentino, and of Pro Comunidad, José González Espinosa.

General Florentino and González Espinosa explained that the agreement followed the convictions of President Leonel Fernández who wishes that the institutions of the State join their efforts in order to obtain a more effective work.

Were present at this activity, on behalf of Procomunidad, Antonio Florián, general manager; Antonio Adames Ramírez, administrative manager; Silvio Arsenio, legal adviser; Anna Ruiz Gómez, finance manager.

From the DGDF, took part Nildo de los Santos, sub-manager, Leonardo Bencosme; legal adviser; Reyes Suárez; manager of the operations, Jose Martín Muñoz and Urda Lorenzo.

Among the works to be built soon there are community centers, schools, rural private clinics, projects of water and electricity supply systems, for the provinces of Montecristi, Dajabón, Santiago Rodríguez, Elías Piña, Independencia, Pedernales and Bahoruco.

In the same way, the Community leaders and the members of the civil society will be trained in the fields of project development, of production and of health.

Montecristi Live, 03.07.09

Tourism informs about new projects in Montecristi

For 4 billion dollars

BREAKING NEWS: The secretary of Tourism, Francisco Javier García, indicated that in the province of Montecristi, one carried out an important Israeli tourist project thanks to an investment of 4 billion dollars.

The project which is in its final stage includes an all-inclusive hotel, nine hotels with wiew on the beach and thirteen with casino included.

He stressed that the investors counted on the legal security in Dominican Republic to make this type of investments, in addition to the fact that they saw as an advantage that the country has a free commercial treaty with the United States.

He moreover indicated that all the obsolete laws concerning the investments had been amended to the National Congress, which, as he declared, had created additional guarantees for the foreign investments in the country.

García stressed that during his ten months of management, the greatest investment carried out was in the zone of Bávaro.

He supported that 54% of the tourists who visit the country are coming to Bávaro.

He explained that there existed several investments approved by the Council of Tourist Promotion (CONFOTUR) where one submits the projects of the investors who acquired the lands and who obtained the various licences required by the country.

He said that between October of the last year and June of this year, CONFOTUR approved 81 projects, which roughly add up 16 billion 300 million dollars.

He expressed that 40% of this investment corresponded to Spanish investment, 26% to Dominican investment, 22% to American investment and afterwards to a range of Canadian, Venezuelan and Russian investors.

Montecristi Live, 22.07.09