DR1 Daily News - Dominican Republic

Authorities from the Pro-Pedernales Trust Fund have announced that the Cabo Rojo Consortium, led by the Puntacana Group, has been selected as the government’s strategic partner for Cabo Rojo. It is reported that Puntacana Group submitted the best proposal, meeting all requirements of the Competitive Reference Process No. FID-SE-0001.

The Puntacana Group is the owner of the Punta Cana International Airport and has been the original developer of tourism ventures in the Punta Cana area in the east of the country.

As reported, the Puntacana Group’s proposal was highly regarded for its solid experience in developing world-class tourist destinations, as well as its technical and financial capabilities. These qualities positioned the group as the ideal partner for this public-private alliance.

As part of the agreement, the Puntacana Group will invest millions...