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:
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
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."