DR1 Daily News - Dominican Republic
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The “Dominican Deep South”, comprising the poorest of the nation’s 32 provinces and some of its most breathtaking scenery, has just received a billion-dollar shot in the arm, according to Sigmund Freund, the executive director of the Directorate General of Public and Private Alliances (DG-APP). Freund said that the first projects that will be carried out in the province of Pedernales will total US$1.0 billion. He noted that these investments will come from Dominican sources, and that once the Pedernales APP Trust is in place, they will be accepting foreign investment for the region. The initial projects will be in the areas of communication, services and energy. Hotels and an international airport are also in the works.
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