DR1 Daily News - Dominican Republic

Tourism Minister David Collado has announced the suspension of the proposed public trust for the Puerto Plata Cable Car, responding to mounting concerns from local communities and business owners who depend heavily on the tourism generated by the attraction. The Puerto Plata Cable Car has around a year closed as the government shuffles amidst optimization options.

President Luis Abinader had issued Decree 162-25 that established the Public Trust for the Management of the Puerto Plata Cable Car (FI-TEPP) with a duration of 40 years. The decree ordered that the Dominican State will serve as both trustee and beneficiary through the Ministry of Tourism, while Fiduciaria Reservas, S.A. will act as the trustee responsible for operations.

The decision to put the public trust on hold calls instead for a new phase of technical review aimed at ensuring its safety and operational...