1999News

More details on projects proposed to Mexico

More details were released yesterday by the Technical Secretariat of the Presidency about the three projects proposed to Mexico for funding under the San Jos? Agreement. Among other things accomplished during the Second Meeting of the Dominican-Mexican Bilateral Commission recently concluded in Mexico City, the DR presented three project proposals for Agreement funding. Under the Agreement, the DR buys oil from Mexico at full market price, but 20% of the bill is to be plowed back into investment projects in the DR that are supposed to include participation by Mexican firms. One US$40 million project proposed would expand the highway currently connecting San Crist?bal and Ban?. Another, for US$8 million, would buy buses for public transport. A third, for US$50 million, would fund infrastructure improvements in underdeveloped areas with substantial tourism potential, such as Saman?, Barahona, Azua, Ban?, Montecristi, R?o San Juan and Nagua.