Chinese investors

[NewsWhore]

Tourism Minister Francisco Javier Garcia has announced that the Bank of China and the Bank of Foreign Trade of China would make US$462 million available to finish the first phase of the tourism real estate project, Punta Perla in Punta Cana, as reported in Hoy. According to reports, Chinese companies, including an engineering firm, would set up an investment fund. Garcia said that the agreement opens the way for more Chinese financing for Dominican projects. Punta Perla is a controversial development in the east that has not been able to deliver on its sales promise to initial purchasers.

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