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SANTO DOMINGO.- The contractors resumed work in the construction of Santo Domingo’s Central Wholesalers Market (Merca Santo Domingo), with a US$45 million loan from Spain’s Deutsche Bank to the Dominican Government, which plans to conclude the facility by September.

The tenders for the market’s construction began in March, 2003 and was expected to conclude by April 2004, but lack of planning to disburse the RD$950 million required to complete the project‘s first stage on time halted the work seven times.

In April 2004 the first stage’s completion was announced for May that year, but in July 2005 it was said to be ready for mid 2006, when again it was postponed, reportedly for 2007.

Agriculture vice minister Eusebio Guzmán made another “categorical” prediction, noting that the Deutsche Bank’s US$45 million disbursed last month allowed construction to resume. "What now gives us confidence in a categorical manner that it will be concluded in the indicated time is that the money isn’t something that depends on Government revenue, it’s bank money already secured for the Market’s construction."

 

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COMMENTS
10 comment(s)
Written by: Blutarsky This user is banned, 8 Feb 2010 10:44 AM
From: Dominican Republic, No Spin Zone
When finished this will be the beginning of a great new era in export for the DR
Written by: Adrian29630, 8 Feb 2010 11:31 AM
From: Dominican Republic, Cabrera
When being the operative word!
Written by: ojedamaggiolo80, 8 Feb 2010 11:35 AM
From: Dominican Republic
I hope they finish it ASAP!
Written by: josean, 8 Feb 2010 12:15 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!

Is anything ever done in DR without borrowing money?

Even the toilet paper at the National Palace must be bought on a VISA CARD, Dois Mio!
Written by: Blutarsky This user is banned, 8 Feb 2010 12:24 PM
From: Dominican Republic, No Spin Zone
Joseans high pitched whining is monotonous ......LF is loooooking good
Written by: josean, 8 Feb 2010 12:31 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!

"LF is loooooking good"

That is a direct quote from Manuel Noriega!
Written by: glomarexplorer, 8 Feb 2010 1:42 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Man, we just can't do anything without either borrowed or gifted money-not even a darn an essential market!

I suppose life won't be so good for next generation, with LF's legacy of borrow and spend.....they will be saddled for decades paying off that high debt.

MJEV.
Written by: anthonyC, 8 Feb 2010 4:44 PM
From: United States
"Spain’s Deutsche Bank?"

Can't D.T. get anything right?
Written by: delgadoMASS, 9 Feb 2010 1:30 AM
From: United States, new england
look at all those platano!
Written by: Ricardolito, 9 Feb 2010 1:42 AM
From: Dominican Republic, vieja Santo Domingo
Where precisely is the Central Farmers Market ?? I assume it is no where near a main road as that would be too obvious .
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