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Before the close of the final session of the legislature for those elected for the 2020-2024 term, the Chamber of Deputies approved the Corporacion Turistica Cabo Rojo initiative.
The bill seeks to establish the Cabo Rojo Tourism Corporation, a move aimed at boosting private investment and improving tourism management in Pedernales, on the southwestern border with Haiti.
The new corporation, structured as a joint-stock company, will be under the purview of the Presidency. Its primary mission will be to develop and operate service, hotel, and commercial infrastructures within the Cabo Rojo Tourism Project.
To safeguard against privatization, the bill mandates that state-owned funds be at least 51% of the corporation’s capital. The Cabo Rojo Tourism Corporation will have its own assets, legal personality, and the authority to incur commercial and...
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