NewsWhore
10-06-2011, 03:50 PM
The president of the Dominican Chamber for Construction (CADOCON), engineer Diego de Moya Canaan, said on Wednesday that for this country to reach the level of development of South Korea it would have to invest in highways, bridges, ports, aqueducts, rural roadways, electricity, housing, communications as well as other needed projects. He estimated that the cost of these investments would be around US$110 billion.
Speaking as the invited guest at a luncheon meeting hosted by the Dominican Federation of Small and Medium Construction Enterprises, De Moya Canaan said that in order to reach this goal there had to be an alliance between the public and private sectors. He said that the PPP Model (Public and Private Projects) is the only way for this to work in Latin America and the Caribbean. He suggested that in order for this to happen the governments did not need to borrow money from the IMF or anyone else. He said that by providing the business community with the construction of the projects that are needed in the country under a concession, the projects can be done and they later become property of the state. All of this, of course, has to obey the laws and be passed by the Congress.
More... (http://www.dr1.com/index.html#6)
Speaking as the invited guest at a luncheon meeting hosted by the Dominican Federation of Small and Medium Construction Enterprises, De Moya Canaan said that in order to reach this goal there had to be an alliance between the public and private sectors. He said that the PPP Model (Public and Private Projects) is the only way for this to work in Latin America and the Caribbean. He suggested that in order for this to happen the governments did not need to borrow money from the IMF or anyone else. He said that by providing the business community with the construction of the projects that are needed in the country under a concession, the projects can be done and they later become property of the state. All of this, of course, has to obey the laws and be passed by the Congress.
More... (http://www.dr1.com/index.html#6)