There are 12 initiatives under evaluation, including those related to road infrastructure, urban infrastructure and mobility, port infrastructure and tourism, among others.
SANTO DOMINGO.– President Luis Abinader referred this Monday during LA Semanal con la Prensa to Public-Private Partnerships (PPPs), describing them as national development tools that represent a key alternative to promote strategic infrastructure projects.
Regarding the investments registered in the country and those also carried out under the concept of PPPs, he highlighted that this Monday the British newspaper Financial Times recognized the investment climate inthe Dominican Republic.
In defining PPPs, he said they are long-term contracts between public and private agents to provide, manage or operate social goods and services with shared investment and risk, and remuneration linked to contractual performance.
These initiatives not only close the public infrastructure gap, but also improve the quality and scope of public services, boost the national economy and promote the generation of productive employment, thus contributing to the country's competitiveness.
Furthermore, President Abinader highlighted that this model has been successfully tested in Latin America, according to reports from The Economist and the Inter-American Development Bank (IDB), placing the nation among the six leading countries in this area.
President Luis Abinader during his appearance on La Semanal con la Prensa. (External source).
The report highlights that the Dominican Republic ranks 10th out of 26 countries in the overall score, has a solid regulatory base and a diverse portfolio of long-term infrastructure projects.
In this regard, the head of state indicated that 26 initiatives have been received, 21 from the private sector and 5 from the public sector. A contract has been awarded for the redevelopment of the Duarte Port in Arroyo Barril, and the Amber Highway project is currently out for tender.
In addition, there are 12 initiatives under evaluation, these being road infrastructure, urban infrastructure and mobility, port infrastructure and tourism, public services, energy, citizen security and national defense, health and water, of which three were declared to be of public interest.
Bet on Pedernales
The president also referred to the Pedernales trust, which is managed by the General Directorate of Public-Private Partnerships, noting that the road and water and sanitation works for this project are scheduled for completion in the first half of this year.
The first three hotels in the area are in advanced stages of construction, with the first of which could begin operations before 2025. Additionally, the first phase of the cruise terminal is already operational.
Regarding the electrical works, it was reported that they are progressing according to schedule. The international airport is also under construction, and the conservation of Cabo Rojo's biodiversity is being considered.
Agreements were established to position “Cabo Rojo: The New Caribbean” as a world-class destination brand, by guaranteeing the proper management of solid waste, as well as implementing responsible actions to reduce gas emissions in the next decade and achieve carbon neutrality before 2050.
The third aspect is the prevention of child sexual exploitation together with Save The Children, through proactive and permanent actions.
