SANTO DOMINGO.- President Leonel Fernandez yesterday announced the construction of the second Metro (subway) line and said the train from Haina to Santiago (north) will cost 4 billion dollars, though clarified that it’s a project of foreign investors.
He said there’ll be a bidding for the construction of the Metro and the train to Santiago before yearend, which he said will be of great importance for the country’s economy for the next four years.
Fernandez said he has met with investors from France, Spain, Germany, and local bank groups interested in the work’s construction. “We’re saying that if we’re successful in that project we have an investment of over four billion dollars in next four years.”
The chief executive spoke yesterday during the seminar “Global Busines Today: Different Perspectives for the Dominican Republic,” held in the Dominican Republic Export and Investment Center (CEI-RD).
He also announced the bidding to widen the Navarrete-Puerto Plata highway to four lanes, as well as for the reconstruction and maintenance of the Duarte highway.
Written by: juanb, 29 Oct 2008 10:31 AM
From: Dominican Republic
Certainly an interesting choice of photos to illustrate a $4,000,000,000 project. Is this a sneaky editorial comment by DT?
Written by: josean, 29 Oct 2008 10:32 AM
From: United States
"which he said will be of great importance for the country’s economy for the next four years."
Translation: I and the PLD can make a bundle in the next four years!
From: United States
This is just stupid. The whole Metro idea is just dumb. 4 more billion dollars that can go to much more needed industries (Power Energy, Tourism) etc.
Written by: Escott, 29 Oct 2008 12:15 PM
From: Dominican Republic, Sosua/Cabrera
You forgot EDUCATION...
Written by: josean, 29 Oct 2008 12:35 PM
From: United States
Escott,
Education is a four letter word to Lie-onel and the rest of the gangsters!
Written by: ambioriv, 29 Oct 2008 1:37 PM
From: United States
OK stupid people, the country is coming from foreign investors, so all you Hatians need to look for another excuse to criticize this metro.
That's 4 billion dollars, no tax payer money. for the peoples advantage that will create 100,000's of jobs =both directly and indirectly, So please don't even bother with the stupid comments this time.
Written by: ambioriv, 29 Oct 2008 1:38 PM
From: United States
The money is coming from foreign investors!
Written by: Ricardo, 29 Oct 2008 2:08 PM
From: United States
I would guess that a 4 billion dollar project will get about 25% complete before they run out of funds. The greedy politicians will extract the toher 3 billion for themselves. Keeping a high position in the Government doesn't actually give them the right to print money, just to steal it - until they get caught!
From: United States
Ambioriv,
Something is not right. 4 Billion dollars from foreign investors, don't you think that these crooked politicians want to get their 'Beaks Wet".
Was the original Metro (which is not running), built directly with foreign investments? Every time a new project is built, these politicians get their "Beaks Wet". Wake up people, these are not immediate needs of the country.
Written by: MrSloth, 29 Oct 2008 3:51 PM
From: Dominican Republic
Nice Picture. Only good thing about this is the Maintenance of the Duarte Highway. Nice to hear that word Maintenance again. I haven't heard that word for more than 10 years.
From: United States
Its a great idea. The 4 billion will be seen as direct investment since its been built and paid for by foreign investment. Leonel will be reelected again as he will push for completion in 4 years...
Lets make the DR the next Taiwan and lets do it with other people's money.
Written by: tejada, 29 Oct 2008 4:23 PM
From: United States
I usually just ignore the little group of people (they know who they are) that are always talking trash about the DR in general... The country is moving forward. Maybe not as fast as we all would like, but it is moving forward, damn it!
Written by: josean, 29 Oct 2008 4:37 PM
From: United States
tejada,
Some examples, please enlighten us?
Written by: josean, 29 Oct 2008 4:43 PM
From: United States
tejada,
Might this be an example of that Mythical Progress:
Source DR1
Blackouts affect competitiveness
The recent wave of rolling blackouts makes life difficult for citizens, but also places an additional burden on small and medium sized businesses, which are already struggling with high fuel and production costs. In some cases blackouts have caused business overheads to double because they need to buy more fuel to keep their generators going. In Haina businesses are complaining of blackouts of up to 14 hours, mostly during the morning and afternoons, when they are open. Bakers are also feeling the pinch, saying that they have to spend an average of RD$2,000 per day to fuel their generators. According to State-run Electricity Companies vice president Radhames Segura, the energy grid should be back on track this week.
Continues:
Written by: josean, 29 Oct 2008 4:45 PM
From: United States
Segura said that yesterday the energy deficit was only 35% and but gave no word on when AES, which supplies 20% of national demand, would be back on the grid. But this contradicts reports by Listin Diario saying that only 1,092MW of energy were produced for a deficit of 902MW. According to Listin, AES is only producing 20MW of energy from a total capacity of 300MW. The distributors claim that deficiencies in the system are the result of the government's lack of payment. Segura said that before the end of the month the CDEEE would pay RD$64 million towards a debt of more than US$300 million, but now the Hacienda Ministry says it can only provide US$10 million. El Caribe reports that failure to pay less than 20% of the amount promised means that the blackouts will continue indefinitely.
continues:
Written by: josean, 29 Oct 2008 4:46 PM
From: United States
In related news, the president of the National Association of Young Entrepreneurs (ANJE) Pablo Piantini Hazoury has voiced concerns about the gradual deterioration of the electricity sector, to the point where floating generators have to be rented. He added that if the problem is the payment of debt the solution is not to rent out floating generators, but to pay off the remaining debt.
From: United States
The DR has a big advantage - it has the largest economy in the caribbean and its growing. The problem with the DR is the volatile political system. A few years ago, an illiterate politcian was voted into office which bankrupt an already "poor" country.
The two the biggest fear investors have - the political climate - and no law protection.
Written by: josean, 29 Oct 2008 5:02 PM
From: United States
If you have an illiterate populace why wouldn’t they vote for an "illiterate politician"?
But education is not a priority, the METRO is!
Written by: josean, 29 Oct 2008 5:47 PM
From: United States
Written by: Euromax 
, 29 Oct 2008 6:32 PM
From: Dominican Republic, Bonao, provincia M.N
no it will be better from Haina-Montecristi!!!
Written by: yumnuk3, 29 Oct 2008 6:50 PM
From: United States, New York City
If you build it they will come. Employment and investments opportunities which can only boost the local economy,,,,,,,,,,This project would generate a lot of revenue!
Written by: abc200, 29 Oct 2008 7:04 PM
From: United Kingdom
Santo Domingo will emerge as a modern city. Businesses will re-locate from the whole of the Easten Seabord of the USA - Arhcitects, Software designetes, Interior designers, Lawyers, Accountants, Financial and Tax advisors, Dentists, Cosmetic surgons, Nursing Homes, Transportation engineeers, Universities( external campuses ) ,Local Adminstration, Telemarketing and services, computer centres, Social Work Agencies etc. etc. since the cost of operation in SD is half that of major cities in the US. The fast metro will be comprable to Paris, Madrid, Kiev etc. and will make a car free life practicable for most people. Pedestrian and cycle only zones will be created with beautifule parks and farmers markets at the termini of the Metro. There is a huge achitectual heritidge unique in N and Central America. When oil runs out sail assisted ships will glide up the river. Advanced fuel efficient 1000 seater aircraft will ferry people to other cities. An excellent rail network similar
Written by: abc200, 29 Oct 2008 7:15 PM
From: United Kingdom
to that being developed in China will mean no-one is more than 30 miles from a rail station.
The good news is that finance is available for initial steps towards this vision.
S
Written by: tejada, 29 Oct 2008 7:34 PM
From: United States
Josean, piece of mojonsito, where the hell are you from? 'cause you certainly can't be a dominican with the way you're always finding negative things to say about DR. Go be a pest somewhere else. ve y sigue joseando la pila de caca que dejas cada vez que hablas. La envidia y el complejo de inferioridad te esta matando.
Written by: MrSloth, 29 Oct 2008 10:01 PM
From: Dominican Republic
D.R. will never be a Modern City unless someone invests and organizes Education in this country.
Written by: josean, 29 Oct 2008 11:04 PM
From: United States
tejada,
I am impressed a bilingual insult, your a fine gentleman!
From: United States, Richmond, Texas
How will this train be powered, diesel, electric, coal???
Written by: josean, 30 Oct 2008 10:01 AM
From: United States
Camel Power!
From: Dominican Republic
Josean, Why do they call camels "Ships of the desert"?...................because they are full of Arab "SEMEN"...............Sorry, yes it's innuendo, sometimes I can't stop myself!! Nothing but humor intended!!!!!!!!!!!!!!!!!!!!
Written by: Trujillo, 30 Oct 2008 9:43 PM
From: Dominican Republic
$4 billion dollars of PRIVATE investment, remember that. That's the way to go with these type of projects. Some people still don't get it.
Written by: ambioriv, 30 Oct 2008 10:01 PM
From: United States
Damn, no matter what, Ya still gonna be negative.
From: Dominican Republic
The cart before the horse people. The N-S train is a project that has been repetedly coming up for over 20 years. Go back in your history and remember that in the first 6 months of every LF government (señores! EVERY SINGLE ONE) this project has come up in this same context. As a matter of fact in this SAME forum four years ago we were having this SAME discussion.
There is one question that is important and they have never been able to answer it; what is the volume of cargo that moves on the highway between Haina and Santiago? Whether the project is feasible or not will depend on that. Ask any of these project promotors what that number is and see if any can answer. It should be an easy question to answer.
The hard question to answer is; how are you going to convince the cargo transportation unions to support your train?
From: United States, San Diego, California
Increase funding the EDUCATION. Education is our main priority.
From: Dominican Republic
You can't spend money on education. If you do that more than 10% of the population might be able to read the constitution and that would make it virtually impossible for anyone to make any money!
From: Dominican Republic
Good God man ! What are you thinking?!? Can you imagine if the country spent 4% of its GDP on education ! How could democracy survive?!?
Written by: abc200, 2 Nov 2008 7:46 PM
From: United Kingdom
We don't need no education
We don't need no thought control
No dark sarcasm in the classroom
Teachers leave them kids alone
Hey teacher leave them kids alone
All in all it's just another brick in the wall
All in all you're just another brick in the wall
http://www.elyrics.net/read/p/pin....in-the-wall-(Part-iI)-lyrics.htmlUS style education produces 1000's of not needed lawyers, etc. Money is better spent on trains.
S.
From: Dominican Republic
Well, abc...you've convinced me...trains it is.
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Translation: I and the PLD can make a bundle in the next four years!
Education is a four letter word to Lie-onel and the rest of the gangsters!
That's 4 billion dollars, no tax payer money. for the peoples advantage that will create 100,000's of jobs =both directly and indirectly, So please don't even bother with the stupid comments this time.
Something is not right. 4 Billion dollars from foreign investors, don't you think that these crooked politicians want to get their 'Beaks Wet".
Was the original Metro (which is not running), built directly with foreign investments? Every time a new project is built, these politicians get their "Beaks Wet". Wake up people, these are not immediate needs of the country.
Lets make the DR the next Taiwan and lets do it with other people's money.
Some examples, please enlighten us?
Might this be an example of that Mythical Progress:
Source DR1
Blackouts affect competitiveness
The recent wave of rolling blackouts makes life difficult for citizens, but also places an additional burden on small and medium sized businesses, which are already struggling with high fuel and production costs. In some cases blackouts have caused business overheads to double because they need to buy more fuel to keep their generators going. In Haina businesses are complaining of blackouts of up to 14 hours, mostly during the morning and afternoons, when they are open. Bakers are also feeling the pinch, saying that they have to spend an average of RD$2,000 per day to fuel their generators. According to State-run Electricity Companies vice president Radhames Segura, the energy grid should be back on track this week.
Continues:
continues:
The two the biggest fear investors have - the political climate - and no law protection.
But education is not a priority, the METRO is!
http://www.huffingtonpost.com/200....rgs-investigate-pos_n_138449.html
The good news is that finance is available for initial steps towards this vision.
S
I am impressed a bilingual insult, your a fine gentleman!
There is one question that is important and they have never been able to answer it; what is the volume of cargo that moves on the highway between Haina and Santiago? Whether the project is feasible or not will depend on that. Ask any of these project promotors what that number is and see if any can answer. It should be an easy question to answer.
The hard question to answer is; how are you going to convince the cargo transportation unions to support your train?
We don't need no thought control
No dark sarcasm in the classroom
Teachers leave them kids alone
Hey teacher leave them kids alone
All in all it's just another brick in the wall
All in all you're just another brick in the wall
http://www.elyrics.net/read/p/pin....in-the-wall-(Part-iI)-lyrics.html
US style education produces 1000's of not needed lawyers, etc. Money is better spent on trains.
S.