NewsWhore
02-29-2008, 05:00 PM
National District Mayor Roberto Salcedo (PLD) says that the municipal authorities cannot afford to pay the RD$500 million loan that the Fenatrano bus union took out with the Banco de Reservas. During his 1998-2002 term, Mayor Johnny Ventura (PRD) approved that the City Hall would guarantee the loan. Fenatrano cars and buses are in arrears and could default on the loan. Quoted in Hoy, Salcedo said that municipal representatives, Fenatrano and bank officials would be meeting to discuss the options on the table.
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More... (http://www.dr1.com/index.html#9)