The head of state indicated that 26 initiatives have been submitted, 21 from the private sector and 5 from the public sector. A contract was awarded to repurpose the Duarte Port in Arroyo Barril, while the Amber Highway is in the bidding process.
During his weekly meeting with the press, President Luis Abinader referred to Public-Private Partnerships (PPPs), describing them as tools for national development that represent a key alternative to encourage strategic infrastructure projects.
In relation to the investments registered in the country being carried out under the PPP concept, he highlighted that, this Monday, the British newspaper Financial Times hailed the investment climate in the Dominican Republic.
When defining PPPs, he said they are long-term contracts between public and private agents, to provide, manage or operate social goods and services with shared investment and risk and remuneration linked to contractual performance.
These initiatives not only close the public infrastructure gap, but also improve the quality and scope of public services, boost the national economy, and encourage productive job creation, thus contributing to the country’s competitiveness.
Abinader went on to highlight that this model has been successfully tested in Latin America, according to reports by The Economist and the Inter-American Development Bank (IDB), placing the nation among the six leading countries in this area.
The report highlights that the Dominican Republic is ranked 10th out of 26 countries in the overall score, has a strong regulatory base and a diverse portfolio of long-term infrastructure projects.
The head of state indicated that 26 initiatives have been submitted, 21 from the private sector and 5 from the public sector. A contract was awarded to repurpose the Duarte Port in Arroyo Barril, while the Amber Highway is in the bidding process.
He spoke of 12 initiatives currently under evaluation, relating to road infrastructure, infrastructure and urban mobility, port infrastructure and tourism, public services, energy, citizen security and national defense, health and water, three of which were declared of public interest.
Bets on Pedernales
The President also referred to the Pedernales trust, which is managed by the General Directorate of Public-Private Partnerships, pointing out that its road and hydro sanitary works are to be delivered in the first half of this year.
The first three hotels in the area are under construction, the first of which could begin operations before 2025. In addition, the first phase of the cruise terminal is already operating.
As for the electrical works, reports are that they are progressing according to the established schedule. The international airport is also under construction and the conservation of Cabo Rojo’s biodiversity is contemplated.
Agreements were established to position “Cabo Rojo: The New Caribbean” as a global brand destination by ensuring proper solid waste management, as well as the implementation of responsible actions to reduce gas emissions in the next decade and achieve carbon neutrality before 2050.
The third aspect is the prevention of child sexual exploitation through proactive and permanent actions, together with Save The Children.
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