With an investment of RD$770 million, the Consorcio Moya y Jorge inaugurated the construction of the first phase of the Ciudad Modelo Mirador Norte. President Leonel Fernández attended the opening of construction works head by engineer Diego de Moya and engineer Marcos Jorge Elías. In the first part, the consortium plans to build 12,000 dwellings. These apartments will cost from RD$600,000, RD$1 million or RD$2 million. Banco Popular, BHD, Baninter, Banco de Desarrollo Industrial and Banco de Reservas, are offering purchasers financing of up to 80% of the cost of the apartments. The mega neighborhood is located in an area of three kilometers long by one kilometer wide adjacent to the Mirador del Norte Park, the largest in the city. The housing project will have its own schools, sports areas, universities, commercial centers. What makes the project most attractive is that the builders guarantee those buying that they will have 24 hours of electricity as a 30 megawatt plant is being installed to service the community. The builders are also offering their own garbage disposal service and internal transportation, among other services.
