Abinader uncertain if CEA lands are sold beyond review commission oversight

Santo Domingo.- President Luis Abinader stated on Monday that he is uncertain whether current sales of land owned by the State Sugar Council (CEA) are being conducted outside of the review commission’s oversight. He reaffirmed his government’s commitment to safeguarding these assets, criticizing past administrations for irregularly distributing such lands. Abinader emphasized that his administration has consolidated these properties into a single fund to prevent their misuse for political favors.

Despite a prohibition on transferring CEA land to private individuals that has been in place since 2016, sales continued under the previous administration. In response, Abinader announced the establishment of the Infrastructure Development Fund on November 20, 2023. This public trust is designed to manage, invest, and oversee the sale, rental, and leasing of these state lands.

The fund aims to use the proceeds from these real estate transactions to finance infrastructure projects, including mass transportation, housing, and water systems. It will focus on promoting projects that contribute to social and economic development while respecting fundamental rights. The trust will evaluate the commercial potential of the lands and foster initiatives that enhance human development and economic inclusion.