2000News

OHL-Grupo Alfa allotted five Pan Am villa towers

The Ministry of Public Works allotted the construction of five of the eight towers making up the Pan Am Games Olympic Villa to the Consorcio OHL-Grupo Alfa on Saturday, 19 February. They proposed to build these at a cost of RD$1,200 million. Grupo Nexo-Ingeniero Marco Tulio Reyes was allotted the construction of two more towers, and Consorcio Ferrovial-Agroman-Ingeniero Domínguez was allotted one. Construction time will be 30 months. Hoy newspaper estimated that the total cost of the 700 apartments will be around RD$1,920 million, not taking into consideration the government contribution of the property on which they will go up. This would bring the cost of the apartments to around RD$3 million each, making them category deluxe apartments.