NewsWhore
07-12-2007, 03:00 PM
Taxpayers may have to pick up the tab for the 425 affiliates of the Federacion de Transporte La Nueva Opcion (Fenatrano) that have defaulted on payments of 431 minibuses they received for public transport. The city government of former Mayor Johnny Ventura authorized in 2002 that the Santo Domingo municipality serve as guarantor for the bus loans. Hoy reports that Hacienda Minister Vicente Bengoa reported that Fenatrano has not made payments on the US$16.2 million loan since 29 March 2006, and there are capital arrears for RD$409.9 million and RD$71.8 million in past due interest payments. Bengoa said that the city government would be responsible for the debt taken with the governmental Banco de Reservas.
Juan Hubieres, spokesman for the organization, said the government should also reveal pending debts of other transport unions.
Fenatrano, and other transport unions, are hoping the government will again extend a new financing program, being dubbed Plan Renove II, to replace their vehicles that are showing their age.
More... (http://www.dr1.com/index.html#6)
Juan Hubieres, spokesman for the organization, said the government should also reveal pending debts of other transport unions.
Fenatrano, and other transport unions, are hoping the government will again extend a new financing program, being dubbed Plan Renove II, to replace their vehicles that are showing their age.
More... (http://www.dr1.com/index.html#6)