Santo Domingo.- Representatives of the Quisqueya BinationalEconomic Council (CEBQ) in Dominican Republic n Monday explained to the Senate thekey parts of the initiative to create the mechanism to develop the Dominican-Haitiborder, through public-private investments of as much as US$5.0 billion.
"We will promote sustainable and inclusive investmentswith a social, economic and environmental balance, to serve as an engine forstimulating trade flows and generate employment," said Dominican Republic coordinatesCEBQ Juan Vicini.
To that end Vicini said a binational public and private developmentand investment fund can implement for the projects at the border,
Fernando Capellan, , pioneer investment in textiles inthe border, explains that it is a binational development initiative focused onfour border areas between the Dominican Republic and Haiti.
president of M Group Projects in these areas shall bedeveloped for manufacturing and logistics, generation and storage hydro andwind power, agriculture, and tourism. Chaplain serves as one of the leaders ofthis initiative in Dominican Republic.
In a statement the CEBQ said field research has been doneon the potential and feasibility of each project to ensure their materialization,with tangible results guaranteed from three to five years.