Private sector construction jumps12.2% to US$410.9M

Santo Domingo.- The private sector has investedRD$18.9 billion (US$410.9 million) in construction as of October, headed by RD$8.8billion in the National District, or 46.71% of the total.

National Statistics Office (ONE) data rank SantoDomingo province as second in investment this year and, together with theNational District, total RD$14.9 billion or 78.51% of the private construction sector’stotal.

The ONE says 11 provinces divvy up the restof the private sector construction investment of RD$4.1 billion:

SantiagoRD$1.7 billion

LaAltagracia RD$1.3 billion

San Pedro RD$609.1 million

San Cristobal RD$210.6 million

Samaná RD$154.8 million

San Juan RD$84 million

Peravia RD$28.2 million

Barahona RD$11.1 million

Montecristi RD$8.8 million

Baoruco RD$8.1 million

Azua RD$2.8 million

Central Bank

According to the Central Bank on its website,the added value in construction activity jumped12.2% from January to September,continuing as one of the sectors which most impacts economic growth since midyear2013. "It should be noted that this remarkable performance is due to theexecution of private projects in residential works, new hotel complexes andimportant commercial plazas, as well as public sector investments."