Plan Renove II

[NewsWhore]

It's official. Plan Renove II is a fact. El Dia reported that presidential Decree 250-07 has created the Land Transport Development Fund (Fondo del Desarrollo del Transporte Terrestre) to finance transport vehicles. The fund will source collections from previous vehicle financing under Plan Renove I, contributions by the government, and loans borrowed from local and international banks, with government authorization. The fund's board of directors, which was appointed by the Executive Branch, includes officials from the Metro "ministry" (OPRET), the Metropolitan Transport Authority (AMET), the Technical Land Transport Office (OTTT) and the Controller of the Republic. Representatives from public transport unions Fenatrano, Fenatrado and Conatra have also been included on the board. The presidents of Fenatrado and Conatra have a court case pending for corruption in Plan Renove I. As reported in El Dia, the plan is to purchase hundreds of vehicles with taxpayer money for distribution to the board member associates.

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