NewsWhore
01-03-2007, 04:10 PM
A reading of the proposed budget, seems to confirm that President Leonel Fernandez is assigning priority to push forward construction of the first line of the Santo Domingo metro. In 2006, the government consistently allocated more funds to the metro than to the environment, education and public health ministries. The trend for this coming year is to assign even more, with the government multiplying by five the 2006 budgeted allocation for the metro in its total allotment for 2007.
In addition to the loans the government will be taking on for the construction, the government is proposing to allocate RD$12.25 billion to the budget or 55.7% of all the funds going to the Ministry of Public Works for construction projects. Of the funds allocated, RD$5.15 billion will come from local revenues and RD$7.1 billion will be loans. The government hopes to complete the metro in the first half of 2008, when the present Fernandez term ends. Technical Minister of the Presidency, Temistocles Montas said that the government would use 50% of the Verizon deal funds for the metro project, or RD$2.8 billion.
More... (http://www.dr1.com/index.html#5)
In addition to the loans the government will be taking on for the construction, the government is proposing to allocate RD$12.25 billion to the budget or 55.7% of all the funds going to the Ministry of Public Works for construction projects. Of the funds allocated, RD$5.15 billion will come from local revenues and RD$7.1 billion will be loans. The government hopes to complete the metro in the first half of 2008, when the present Fernandez term ends. Technical Minister of the Presidency, Temistocles Montas said that the government would use 50% of the Verizon deal funds for the metro project, or RD$2.8 billion.
More... (http://www.dr1.com/index.html#5)