Santo Domingo, RD.
By means of decree 724-20 the president of the Republic, Luis Abinader, arranged the constitution of Pro-Pedernales, a public trust with the aim of executing the necessary infrastructures for the tourist development of this province.
The provision indicates that the tourist pole of the southwest region presents an opportunity for the social and economic improvement of the inhabitants of the southwest region of the country, representing a space for the promotion of private investment and the creation of places decent work.
It means that the incorporation of this trust will promote the tourist development of Pedernales facilitating the promotion of solutions by the State, as part of a set of public policies focused on the sustainable development of the border area.
The decree also prioritises trust schemes and public-private partnerships as investment mechanisms, which involve the participation of the public and private sectors in the development of sustainable tourism.
About will they be able to participate?
The decree states that they may be trustees or adherent trustees, natural or legal persons who make contributions of any nature for the constitution of the trust assets, with the due approval of the Administrative Committee.
The Dominican State, as part of this Trust, will act through the General Directorate of Public-Private Partnerships as trustee and trustee, respectively; and on the other, Fiduciària Reserves, SA, will act as the fiduciary, which will allocate the funds of the patrimony for the operation of the project.
This trust will be valid for 20 years, except for extension by mutual decision.
coordination
An administrative committee will coordinate the work to execute the project, which will be made up of the Minister of the Presidency, as chairman; the Ministers of Finance; Tourism; Natural environment; Public Works and Economics, Planning and Development
DETAILS
property
For the development of this trust will be made on the property identified as plot 215-A, of the Cadastral District # 3, which has an area of 361,978,762.00 square meters, located in Enriquillo, Barahona province. For this reason, National Assets are instructed to carry out all the acts, procedures and resources that allow the effective contribution of this good to the Trust.