NewsWhore
07-21-2006, 03:12 PM
The project to build an artificial island off the coast of Santo Domingo was put back on the Legislative Branch agenda after the promoters agreed to remove two paragraphs from Article 14 of their contract with the government. Diario Libre reports that this week, the Executive Branch Legal Consultant, Cesar Pina Toribio, addressed a letter to the Senate informing of several modifications to the contract, with the intention of having discussions on the project summary. The Senate Finance Committee had presented objections to parts of the contract whereby the state would guarantee "economic balance" to the project promoter, terms that include the elimination of currency devaluation and the reduction of country risk rating.
The Fernandez government had announced it was withdrawing its support to the project in January following internal differences between the promoters. This occurred after TV investigative journalist Nuria Piera revealed that one of the key promoters had been involved in a major real estate corruption scandal years ago.
The artificial island project has met with widespread local opposition that rejects removing the city's sea view. In a hearing held at the Congress, 26 of 28 institutions rejected the project, as reported in Diario Libre.
Hoy newspaper reports that the construction of the million square meter island was approved by the government on 15 June 2005 and sent to the Senate. It was proposed by Spanish architect Ricardo Bofill with the support of Dominican architects Pedro Jose Borrel and Gustavo More. The high rises of the artificial island would run along the stretch created between Abraham Lincoln Avenue to the west and Cambronal Street to the east.
Link To Original Article (http://www.dr1.com/index.html#1)
The Fernandez government had announced it was withdrawing its support to the project in January following internal differences between the promoters. This occurred after TV investigative journalist Nuria Piera revealed that one of the key promoters had been involved in a major real estate corruption scandal years ago.
The artificial island project has met with widespread local opposition that rejects removing the city's sea view. In a hearing held at the Congress, 26 of 28 institutions rejected the project, as reported in Diario Libre.
Hoy newspaper reports that the construction of the million square meter island was approved by the government on 15 June 2005 and sent to the Senate. It was proposed by Spanish architect Ricardo Bofill with the support of Dominican architects Pedro Jose Borrel and Gustavo More. The high rises of the artificial island would run along the stretch created between Abraham Lincoln Avenue to the west and Cambronal Street to the east.
Link To Original Article (http://www.dr1.com/index.html#1)