NewsWhore
09-12-2008, 05:30 PM
The Banco de Reservas will continue to provide funds for the Santo Domingo city hall (ADN), ending a dispute over arrears in payment for the Fenatrano minibus transport union that has defaulted on payments for bus purchases. The city municipality in 2004 had signed to guarantee the RD$400 million loan signed by the former mayor, the PRD's Johnny Ventura and authorized by then President Hipolito Mejia. The loan had grown to over RD$500 million including bank penalties and accumulated interest. Hacienda Minister Vicente Bengoa said the BanReservas would reopen the ADN line of credit.
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More... (http://www.dr1.com/index.html#3)