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View Full Version : Lease revoked, sale rescission pending



NewsWhore
01-18-2008, 06:00 PM
Councilors in Bani have revoked the lease contract for 56,987 square meters of land after an investigation revealed that it was located within a protected area and scientific reserve known as the Dunes. The municipality had previously authorized the Ciramar International company to use the area. Listin Diario investigative reports exposed the case, and an investigation was ordered. Pending is another contested transaction, the sale of 35,000m2 in an adjacent area for RD$10.7 million, which is also being challenged by community groups and environmental organizations on the same grounds. The transactions were authorized by Presidential Decree 450-06, which was signed by President Leonel Fernandez.

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