NewsWhore
12-18-2007, 04:30 PM
Dominican officials will ask the Spanish government to intervene on a business deal gone wrong, as reported in Hoy. The Dominican government wants the Spanish government to force Constructora Invernaderos Sanchez (COINSA) to return RD$4,85,000 that it charged the DR for the installation of 85 greenhouses that ended up never being built. The information on the business deal was provided by agronomist Eusebio Guzman, who works for the Ministry of Agriculture, which was responsible for the execution of the program that was funded by a US$69 million loan guaranteed by a Spanish government export agency. Guzman said that COINSA was contracted to install 200 greenhouses and only installed 115 and the government says that the company should refund US$360,000, plus an extra US$125,000 for equipment not installed. Guzman said that in 2005 COINSA erected 115 greenhouses but left abruptly without completing the project, citing a lack of materials as a reason for leaving. A dispute soon arose as the government asked COINSA to build the remaining greenhouses. Instead the Spanish company decided to leave.
More... (http://www.dr1.com/index.html#6)
More... (http://www.dr1.com/index.html#6)