Government plans to raise private capital for US$570 million for tourism in Pedernales

The executive director of the General Directorate of Public-Private Partnerships (DGAPP), Sigmund Freund, informed that they already have three important consortiums interested in investing in tourism development Pedernales, in which the Government intends to obtain US$ 570 million of private capital.

He explained that the three consortiums, two international and the other local, paid for the right of participation. They have until March 15 to deposit all the financial documentation, validate it, and then enter the phase of submitting an economic proposal.

“We are concluding the process of searching for a private partner to complete the development of the first stage of Cabo Rojo, with the intention of injecting some US$ 570 million of private capital over the next four years, and it is with great joy that we inform you that we already have the expression of interest of three important consortiums, and soon we will be able to announce which one has been chosen to develop in partnership with the Dominican State this great project that will mark the tourist history of the country,” he said.

He also pointed out that in early March, construction will begin on the third hotel in Cabo Rojo of the nine that are contemplated in the first stage of this project.

In this sense, he recalled that at the beginning of this month, with President Luis Abinader, he started the works for constructing the first two hotels, according to Acento.

He also emphasized that in a few weeks, the bidding process for the Pedernales international airport, to be built in the municipality of Oviedo, will begin, where work is accelerating to conclude the internal roads of the project, the water and sewage works, the aqueduct, the treatment plant, and the electrical substation.